MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

What Calpers Decides About Its Investment-Returns Forecast Matters For Pension Plans (And Taxpayers)

TedTed
in The Bullpen
FYI: Lowering the level projected returns translates into higher payments from taxpayers.

The investment team at Calpers has been signaling that the current assumption of 7.5% long-term investment returns may be too high, and it would probably peg it around 6% instead.

The 7.5% rate is hardly unusual among government pension funds. But as the $300 billion gorilla in the pension world, any change — likely to be discussed at its Dec. 19 board meeting — will be watched by other pension plans that could then have a harder time justifying their own targeted returns.
Regards,
Ted
http://www.marketwatch.com/story/what-calpers-decides-about-its-investment-returns-forecast-matters-for-pension-plans-and-taxpayers-across-the-us-2016-12-15/print
Sign In or Register to comment.