Impact of public sector assumed returns on investment choices

Aubry, Jean-Pierre, and Caroline V. Crawford. “Impact of public sector assumed returns on investment choices”. State and Local Plans Issue in Brief 63, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2019. http://hdl.handle.net/2345/bc-ir:108275.
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Abstract

The brief's key findings are: (1) Does the use of assumed investment returns to value liabilities and calculate required contributions lead public pension plans to invest more in risky assets? (2) The analysis finds that, even after controlling for a number of factors, public plans invest more in riskier assets than private plans. (3) In addition, for any given asset allocation, public plan return assumptions are on the optimistic end compared to those of investment professionals.

Title
Impact of public sector assumed returns on investment choices
Author
Aubry, Jean-Pierre
Crawford, Caroline V.
Center
Center for Retirement Research
Genre
report
Date Issued
January 2019
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Plans Issue in Brief
Series Number
63
Persistent Link
http://hdl.handle.net/2345/bc-ir:108275
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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