SAN DIEGO ANALYTICS BLOG

Mike Foster Mike Foster

Pension board contention

Those who aren’t already immersed in actuarial science may find reviewing the basics of retirement-plan funding worthwhile.

The cost of a retirement plan is paid for in installments over the working life of each employee. Each installment is invested and the income from those investments reduces the total cost of his pension to him and the city. This investment-income portion normally amounts to about 80 percent of the total cost of a worker’s benefits.

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