10
Oct
2011
Oct
2011
Pensions wrestle with return rates…
Categories: National Developments
Turmoil in Europe, the sluggish economy and low interest rates are intensifying pressure on public pension-fund systems to reduce the annual-performance assumptions they use to determine contributions from taxpayers and employees. Some lawmakers and pension officials are pushing to abandon the roughly 8% annual-return assumption set by many public-employee funds, saying the rate is unrealistically high given upheaval in markets around the world and the preceding financial crisis.
http://online.wsj.com/article/SB10001424052970204450804576620951874861390.html