This will be very brief. In a classic gut and stuff the Senate Finance and Revenue Committee will hear a bill that will further reduce the retiree COLA, and will savage certain inactive members who retire under Money Match. I don't have time to describe these bills as I am literally on my way out the door. But the short version is that if you want to avoid the impact of this bill, should it pass, you need to get out tomorrow for July 1. From what I've seen the bill is actually worse than what has been discussed; it might not take effect until September 1, but another version has it taking effect August 1. If you are not a gambler, get your tail in gear and get your papers in tomorrow by 5 pm.
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