For years we have all been hearing about the FRS being the fourth largest pension system in the U.S. and how "overfunded" it is. Well, it is the fourth largest, however it is now in the red and the future of our benefits looks bleak at best. Future obligations with the forecast deficets along with devastating results from the ENRON and post 911 loses tell an eye opening story. These legislators didn't just wake up and decide one day to F over the cops. While we vehemently disagree with the proposed bills, we all need to wake up.

Check out this recent article in Business Week about the "Great FRS"......Get your money while you can!

http://www.businessweek.com/news/201...gap-looms.html