what are reasonable assumptions about long term returns of pension plans?

“…the current [pension] shortfall is attributable to the recent stock market plunge…” Hmm…first of all, the S&P 500 has doubled from its March 2009 low and is now within 40 …

A “contrary” view on the pension fund problems

Via Brad Delong‘s blog: http://www.cepr.net/index.php/publications/reports/the-origins-and-severity-of-the-public-pension-crisis It argues, roughly, that the current shortfall is attributable to the recent stock market plunge, that pension funds, because of their size and long-term outlook, need …