A pension is a promise, and the funding ratio is an indication of how serious they are about keeping that promise. At 40%, they are bottom of the barrel. How are they currently handling this? Is the state kicking in money every year to get this back on track, or are they running it down to zero and then leave it to tomorrow’s politicians to fix? I would not assume the feds will bail them out if they are doing something financially foolish. It may also matter if this is one small part of the states pension program or if nearly all government workers are in the same boat.
I would have to really want that job for other reasons before I took it. The lure of a state pension with only 40% funding isn’t that strong.
I would have to really want that job for other reasons before I took it. The lure of a state pension with only 40% funding isn’t that strong.
Statistics: Posted by warowits — Sun Jul 21, 2024 11:40 am — Replies 14 — Views 726