Wow, what a difference a day makes. Today Senator Ring introduced several amendments to SB 2100 that (as we read and interpret) make the following notable and positive changes:
- · The DROP would be extended for five more years. This would allow members to enter the DROP up until July 1, of 2016.
- · Special Risk would retain the normal retirement ages of 25 years of service, or age 55.
- · Allow up to 300 hours of overtime in the calculation of Average Final Compensation
- · Specifies DROP members do not have to make employee contribution.
These are all steps in the right direction!
Also, Senate Minority Leader Ron Saunders has introduced 5 strike amendments that would seem to eliminate the changes proposed just yesterday by Representative Tobia to HB 1405.
We will try to keep you posted as further developments take place! We believe this is hard evidence that the calls and letters are working!