Quote Originally Posted by Unregistered View Post
Not a chance of reinstalling the COLA especially with the stock market taking a crap lately reducing the FRS pension fund.

You will have to have about $300k - $400k in retirement savings to offset the COLA shortfall, depending how long you live in retirement.
So we couldn't get it reinstated the past 4 years with a huge FRS surplus . And now won't get it because of the bear market (which we all know is temporary). I don't want to accept that it's gone for good.
Nurses are taking care of Corona now without special risk in FRS, no hazard pay like nurses in Corrections, it seems now is best and maybe last chance to get pension Cola. Worth a try.. Governor saw the conditions were working under. 🤞