Quote:
Originally Posted by Locke
And if I've said this once I've said it a million times: Its unsustainable. So our choices are to either fix the system as it cannot operate for much longer in its current form or....the people counting on these pensions will have to deal with whatever happens when they can no longer honour their obligations.
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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!