"The Milliman report criticizing assumptions used by Detroit's erstwhile actuaries Gabriel Roeder Smith & Company (GRS), whose reports showed Detroit's plans to be among the healthier public plans in the nation, kicked off with a scathing indictment of mortality assumptions used by GRS which Milliman characterizes as too 'optimistic'. You tell a layman that mortality assumptions are 'optimistic' and the assumption would be that people are living longer but in the perverted world of public pension funding an optimistic assumption (and they're all optimistic) is one that lowers costs and having retirees die sooner is good news."

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