Posted by Jennie Sue on October 3, 2012 · Leave a Comment
The contestation of discount rates in states and municipalities is completely based in speculation. All projected return rates from markets are, just as titled, presumptive. The true issue at hand is whether or not to operate the pension fund accounting in a conservative or risky manner. Surely, in 2010, when the average return rate was … Continue reading →
Filed under Politics and Government · Tagged with bear market, bull market, business, California, california public employees retirement system, calpers, discount rate, economy, gasb, government, great depression, history, pension, policy, politics, public employees retirement system, public pension fund, public policy, recession, stock market