Quote:
Originally Posted by Rhettzky
That might be true of other municipalities but the LAPP is one of the healthiest pension plans around. In 2018 it came out at 108% funded with the plan growing to over $44 Billion.
Check out the annual report! |
Yearly employer contributions (matching) are higher than employee contributions. I don't know of any private company who does/can afford that. I could be wrong though.
Almost no private companies offer DB pensions anymore.