U.S. Public Pensions Earn 1.15% for Worst Showing Since 2009
Martin Z. Braun
U.S. state and local-government pensions ended the 2012 fiscal year with a median gain of 1.15 percent as the European debt crisis and a slowing global economy damped stock returns, Wilshire Associates said. [The long-term fiscal black hole represented by these plans gallops along as almost all of them continue to guarantee around 7-8.5% annual [...]
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