US - The California State Teachers' Retirement System, the second-largest U.S. public pension, will consider cutting its expected earnings rate on investments to 7.5%, increasing the need for higher contributions as it recovers from market losses.
The $132bn pension fund's governing board will consider approving a new rate of return, now 8%, at its November 5 meeting in Sacramento, according to its agenda. The so- called assumed rate of retu...
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