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New PEPTA Legislation Introduced in House and Senate
National Council on Teacher Retirement Link to more items from this source
Apr. 25, 2013
"In effect, PEPTA would require every public pension plan to essentially keep two sets of books. One would ... reflect the reality of balanced investment portfolios ... that have, over the past 25 years, averaged 8.8 percent returns ... The other set would pretend that all public plan assets were invested in U.S. Treasury bonds (even though this is not the case for any public plan), which currently yield around 3 percent. The result would be two substantially different measurements of a plan's unfunded liabilities maintained by the Treasury Department."

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