Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
Most state pensions are still using 7 to 8% expected returns in their calculations. I wonder why that is. Do they know something we don't?
Well I have an opinion and I'm certain you do too. And the answer has nothing to do with "they know something". And to make matters worse, the actuary people have just updated life expectancy tables. Seems a 65 year old will now live about 2 years longer than the previous estimate. Old codgers refusing to die isn't a good thing either for the systems.
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