How much you keep is more important than how much you make. Those who blow their money on stupid stuff will have a rough time in retirement. Those who save and invest wisely will be much better off. Their choice.

The FRS COLA will never come back because the state is trying to make the pension look bad in order to push people into the investment plan. It sucks for us but it is what it is. We have to deal with the reality of the situation.