See Oakland County to the North of Detwaa with their AAA bond rating and a 401a not a 401k, yes their is such a beast.
IMHO no more defined benefit plan for current and new Detwaa Employee's. Freeze the exisiting pension(s), get them new management ( Vanguard and all other low cost investment houses, are you listening ? ) and give them a 401k, 401a, 403bm 457, anything, but no more defined contribution plans period.
“anything, but no more defined contribution plans period”
You are “preaching to the choir” on that one.
“anything, but no more defined contribution plans period”
My earlier (”you are preaching to the choir”) comment, on your statement was incorrect. I misread your statement.
For me, it is “no difined BENEFIT plans period” that I am in agreement with.