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NYC Actuary Recommends Lowered Return Rate for Pensions ...
www.ai-cio.com
Jan 12, · The city’s actuary Robert North is recommending that the city’s pension plans reduce its assumed annual rate of return on assets to 7% from 8%. The reduced expectations would open a funding gap of at least $2 billion next year, people familiar with the proposal told Bloomberg. According to the news service, North is revealing his plans to ...
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