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Asset Allocation
Average Public Pension Assumed Rate of Return Hits 40-Year Low
More than half of funds tracked have cut their investment return assumption since fiscal year 2020, NASRA says.
More than 70% of states have raised employee contribution rates since 2009.
Bill barely passes both chambers; governor expected to sign into law.
Association says study on public pension funding was ‘contrived’, and ‘cherrypicked’ data.