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The city has to stop giving new hires a 3% compounding COLA upon retirement. This is unsustainable. They cannot just stop it flat, since the number of police and fire that would retire would devastate the community. They have to start with new hires. Right now, police and fire can retire and double their pensions in 20 years. If they retire in their 50's, when they live to 80, they will be taking over six figures a year. Multiply that by hundreds of retirees and you have a problem Houston.

From: Gray train is out of track

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