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"It's about time US public pensions wake up and stop perpetuating the myth of 8%! A while back I wrote a comment, warning what if 8% is really 0%. The ugly truth is if US pensions were using the same discount rate large Canadian public pensions use, the majority of them would be insolvent. Another myth I wanted to bring to your attention is one that the American Academy of Actuaries discusses in a recent paper, 'The 80% Pension Funding Standard Myth' ... It's clear from the myth of 8% assumed rate of return to the 80% pension funding standard myth, US public pensions need to get a grip on reality."
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