Should U.S. Pensions Lower Their Discount Rates?

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Increasingly, public defined benefit plans across the United States are lowering their discount rates. This trend accelerated after the global financial crises of 2008. Changes in the investment outlook toward a low-yield environment has forced pension funds to rethink what returns can they really achieve. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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