Group praises defined pensions

2014-01-28T22:49:18-08:00January 23rd, 2014|Categories: Defined Benefit Plans|Tags: , , |

“Louisiana’s defined benefit plans provide a lot more than retirement security. They are also a key economic driver supporting households and businesses across this state,” said Jan Moller, executive director of the Baton Rouge research and advocacy group. The report found that the state’s 13 pension systems’ payments to more than 150,000 retirees annually is the equivalent of 1.7 percent of all personal income in the state. “They support businesses in every town and parish,” Moller said. “People spend [...]