Tag: public defined benefit plans

Decline in Assumed Returns Increased Public Pension Plan Costs

Researchers found a decline in assumed rates of return due to lower assumed inflation combined with a change in asset allocations, resulting in a higher expected real return, has increased costs for public pensions, but the increase is much smaller than if the decline in the assumed return was due to a lower assumed real return.

San Diego’s Move to DC Plan in Limbo

The California Supreme Court has asked an appellate court to review a proposal approved by voters in 2012 to place new hires in a defined contribution (DC) plan rather than the city’s defined benefit (DB) plan.