Largest Public Pensions Face $2 Trillion Hole, Moody’s Says - Bloomberg: "The 25 biggest systems by assets averaged a 7.45 percent return from 2004 to 2013, close to the expected 7.65 percent rate, Moody’s said in a report released today. Yet the New York-based credit rater’s calculation of liabilities tripled in the eight years through 2012, according to the report."
So I wonder what will happen once the Fed enhanced returns are no more ..... if they returned 7.45% while this was happening
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