30a, I know last year we got 4.1% raises and since we are in talks of freezing the pay scale for at least a year and possibly more (if you have been following negotiations) we will average 0% in the near future. If that number needs to be changed again then they can do that. I don't see us having any huge pay raises in the near future though. Every year we are under that assumption is a good thing for the plan as a whole.
As far as the 8% if it is lowered it just puts more burden on the taxpayer in the short term as far as funding liability. Looking back at the numbers we have done better than 8 most of the years. In the two times that the economy has taken a hit, well so has the plan investments. Having the state come in and make the plan assume a lower number is just like creating an unfunded liability for the local governments to have to take care of. In the big scheme of things the state has very little intrest in our plan.
