FRS to 2%

I hear that the State is considering dropping the high risk retirement multiplier to 2%. Has any one else heard of this. If it is true we are going to get screwed.

That is one of several ideas I have heard are being kicked around in Tally.

OthersI have heard about are requiring new hires to go into the investment plan - no option for the pension side and that the automatic 3% COLA for retirees will be cut.

At this point who knows what will happen - Like always, they are rumors until they become fact.