(1) We, the retirees whose COLAs were UNJUSTLY eliminated by RIRSA 2011 and the Settlement Agreement of 2015, need our 3% compounded COLAs restored immediately.
(2) Inflation has already reduced benefit value by 30%. Inflation erosion will continue to mushroom if the 3% COLA is not restored.
(3) Most retirees do not have the time to "stay the (20-year) course".
In light of the above, the undersigned urge the General Assembly to restore the 3% compounded COLA that had been contractually promised to retirees in their compensation packages.
