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By Eric De Groot (Reporter)
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Interest Rate Cycle Fueling Pension Crisis Across the Globe #InterestRateCycles #Free

Wednesday, March 15, 2017 6:49
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(Before It's News)

Interest Rate CyclesCalPERS has been considering a cut to return assumptions for years. The board is now considering lowering its return assumption to as low as 7%. The cost to employees, the real driver of rising social discontent, will be rising pension contributions, slow at first, but unexpectedly high as panic unfold by 2018. The CalPERS board will next week consider a plan to reduce the…

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