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November 12, 2014
State pension funds' combined underfunding rises to $4.7 trillion — report
The report measured state public pension liabilities by market valuation instead of discount rates based on investment return assumptions because “the discount rates that plans use are just far too high,” said Joe Luppino-Esposito, State Budget Solutions general counsel and the report's author, in an interview.
November 19, 2014
Nearly 80% of pension funds to take on more risk, study predicts
More than three-quarters of pension funds around the world expect their appetite for investment risk to increase over the next three years to meet long-term liabilities, research shows.
Good luck on that.
And people wonder why I'm a permabear?
St. Louis Fed: Custom Chart