I’m planning to move out of CA after I finish paramedic school and would like some input. I’d really love to work somewhere that offers a lifetime pension or other enhanced retirement benefits. Please drop the name of any employers that you know provide this. Thanks!
Who has the best retirement benefits?
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FiremanMike
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Any municipal agency in a state with a pension system, with the exception of the very few number of agencies that have done away with it in favor of a 401k..
Rubicon Bob
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I believe that you will see many more Municipal agencies going to 401K/etc, in place of Defined Pension Benefits, as they (Defined Pension Benefits) are not sustainable in the long term.
PotatoMedic
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Idaho has a fairly good defined benefits pension for all government employees. The other benefits vary depending on what they offer.
FiremanMike
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They’re only not sustainable in areas where the government can access/borrow against those funds. My sTate does not have this problem and our pension system is doing just fine.
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For now...that may change in the future.
DrParasite
The fire extinguisher is not just for show
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that's actually financially incorrect. The reason many of these defined pension systems are in trouble is due to the fact that municipalities and states have neglected to contribute their contributions for decades, and now see it as unsustainable to properly fund them. If they had kept up the regular payments, it would absolutely be both budgetable and sustainable.
PotatoMedic
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Luckily Idaho as of 2021 had a fully funded pension.
Idaho looks interesting. But COL is really going up.
Nice