Debate Heats Up over Public Pension Fund Discount Rates

in 2013, Newsmakers, School of Management, Zvi Bodie
February 4th, 2013

BodieZviInstitutional Investor
Zvi Bodie, School of Management

Last summer the Indiana Public Retirement System (INPRS) created a stir in the U.S. public defined benefit pension world by dropping its long-term investment return assumption to 6.75 percent a year, the lowest of all its peers…

Expert quote:

“What is unethical, unprofessional and unscientific is to make your employees believe they have something that is risk-free and make taxpayers believe it has no cost.”

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