Tri-county governments lower pension investment targets

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Tri-county governments lower pension investment targets

By Alex Kacik / Friday, January 20th, 2017 / Comments Off on Tri-county governments lower pension investment targets

Following lackluster returns, tri-county governments have lowered their assumed rates of return on pension investments, setting more realistic targets but sending potential future shortfalls soaring. Pension investment returns across the region have been in line with the rest of the state, performing below expectations in the 2015-16 fiscal year. That means higher contribution rates will…

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