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Public Pensions Underreporting Liabilities?
Pension Pulse Link to more items from this source
[Opinion]
Oct. 16, 2012
"[T]his study is good news as it demonstrates that the discrepancy between what was reported and what Milliman found wasn't significant. Nonetheless, it also demonstrates that too many US public pension plans are still using an unrealistically high discount rate based on rosy investment projections.... The pathetic state of state plans is far more complicated issue and requires not only a rethink on the discount rate, but also a wholesale change in pension governance and states to top up their public pension plans[.]"

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