Here’s the PERS Board’s decision on the assumed rate of return. Not quite what I’d hoped, and not what the actuaries wished to see either. But it barely avoids an actuarial disclaimer. Once again, they choose keeping employer contributions to a minimum over the health of the PERS system, at their peril.Ted Sickinger, the Oregonian/OregonLive reporter, explains this clearly and even quotes me near the end.
PERS Board Nibbles at Assumed Rate
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About the Author: Douglas Berg
Progressive curmudgeon who believes capitalism should work for everyone and the solution to the homeless crisis is affordable housing, not law enforcement
Well Doug,
Keep fighting the good fight! This is politics 101 at its worst! Like they are in denial by resisting the advice of the actuaries. I’m surprised the board doesn’t fire Milliman and find a henchman actuary that will rubber stamp a 10% rate of return assumption.