Just FYI
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Thread: Just FYI

  1. #1

  2. #2
    Unregistered
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    The new employees will not be contributing to the FRS pension fund any more. They will be in a 401k.

    So, if your in the FRS pension system, 3% becomes 10% because of no new members contributing to the FRS pension. Plus ever year more and more people retire the higher the contribution will become.

    The people in the FRS pension will make up the short fall, until they are all gone.

  3. #3
    Unregistered
    Guest
    Quote Originally Posted by Unregistered View Post
    The new employees will not be contributing to the FRS pension fund any more. They will be in a 401k.

    So, if your in the FRS pension system, 3% becomes 10% because of no new members contributing to the FRS pension. Plus ever year more and more people retire the higher the contribution will become.

    The people in the FRS pension will make up the short fall, until they are all gone.
    Good luck getting people to work in corrections or law enforcement. 401 plan you will have a handful of nothing after 30 years.

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