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Thread: Retirement

  1. 03-23-2010, 05:36 PM #11
    Guest

    Re: Retirement

    Quote Originally Posted by Guest
    The FRS has a $8.7 billion deficit as of end of 2009. Where will the money come from to maintain the current benefits? Tax increases? Mandatory employee contributions? Ask Obama for a bailout and increase the already exploding national debt? Take a look at California and New Jersey to see what trading unfunded benefits for votes got them.

    Born too late
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  2. 03-23-2010, 06:37 PM #12
    Guest

    Re: Retirement

    The changes proposed in the FRS would effect new hires only. The republicans do not want to touch the FRS and the democrats are in favor of changes in FRS benefits for new hires.
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