Pension Funds Still Making Promises They Probably Can’t KeepBy
The value of investments by public pension funds declined last quarter, widening the gap between what these funds say they will earn and what they actually make.
Pension funds across the U.S. must each year estimate how much they expect to earn on investments, a projection that determines the amount the government that is affiliated with the pension fund must pay into it. Robust returns reduce the need for government support…
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