tag:blogger.com,1999:blog-3639776205470838484.post4183755839774776161..comments2023-11-05T06:15:09.883-05:00Comments on NYCERS Info - John Murphy: Comptroller's Pension Report 2000-2010jjpmurphy47http://www.blogger.com/profile/18144722891051657886noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3639776205470838484.post-67549025531381989932012-10-18T05:52:58.143-04:002012-10-18T05:52:58.143-04:00The Cola is actually a gift to nycers
, it keeps r...The Cola is actually a gift to nycers<br />, it keeps retirees from complaining too much by sending a small increase<br />of retirement checks , trouble is it doesn't keep up with inflation and neither does the $18k base amount,<br />inflation reduces the value of money<br />and generally more money is in the system, so the actually cost to nycers might be a lesser negative rather than a greater negative, consider generous pensions in the 1970s under john lindsay, the lost value has more than quadrupled.mC berghttps://www.blogger.com/profile/11083347165884374811noreply@blogger.com