Impossible Assumed Rates Of Return…The Pension Fund Debacle In A Nutshell

| February 27, 2011

Ridiculous 7.5%-9.0% assumed rates of return are not “little white lies” — they are Everest-sized whoppers. They are far from reality and nearly impossible to ever realistically have happen over the medium term and even more impossible over the long term in mature economies.  If the three big California Public Retirement Funds used a realistic 4.5%-5% rate of return instead of the make […]

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