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.
Sure, passive beats active hollow overall, but ferreting out the market beaters is worth it. Some pension funds heartily agree, some really don’t.
Lowered projections could increase financial burden on state, local governments.
Association says study on public pension funding was ‘contrived’, and ‘cherrypicked’ data.