Should U.S. Pensions Lower Their Discount Rates?
Posted on 08/30/2015
Increasingly, public defined benefit plans across the United States are lowering their discount rates. This trend accelerated after the global financial crises of 2008. Changes in the investment outlook toward a low-yield environment has forced pension funds to rethink what returns can they really achieve. For example, in March 2011, the California Public Employees’ Retirement […]
