A legal trust established to cover promised lifetime retirement benefits for Baton Rouge police officers is significantly underfunded, according to a new audit of the city-parish. The Police Guarantee Trust Retirement Plan had net pension liabilities of just over $19 million and was only 53% funded at the end of last year, says the comprehensive
Baton Rouge police retirement plan only 53% funded, audit says
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
