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September 2010

Pensions: Even Worse Than They Seem

by John Rubino on September 18, 2010 · 20 comments

An article in today’s Wall Street Journal illustrates yet another lie we’re being told. It seems that pension funds, despite plunging interest rates and negative returns in the stock market over the past decade, are still assuming an 8% annual return on their assets. This allows them to pretend to be more fully funded than […]

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