Expect Unions to Use Good Returns to Deflect Attention from Growing Problem

California Policy Center, 2017

Steven Greenhut

Pension Returns

Strapped Pension Funds, and the Hefty Investment Fees They Pay

New York Times, 2017

Gretchen Morgenson

Pension Returns

How State and Local Government Budgets Will Be Affected by CalPERS’ Trimmed Investment Expectations

Los Angeles Times, 2016

John Myers

Pension Returns

America’s Largest Pension Fund: A 7.5% Annual Return Is No Longer Realistic

Wall Street Journal, 2016

Heather Gillers

Pension Returns

Illinois Teachers Lowers Assumed Rate of Return to 7%

Pensions & Investments, 2016

Christine Williamson

Pension Returns

Political Representation and Governance: Evidence from the Investment Decisions of Public Pension Funds

SSRN, 2017

Aleksandar Andonov, Yael Hochberg, Joshua D. Rauh

Pension Returns

Municipal Disclosure Timeliness and the Cost of Debt

The Financial Review, 2018

D. Eli Sherrill, Rustin T. Yerkes

Pension Returns

Advance Refundings of Municipal Bonds

Journal of Finance, 2017

Andrew Ang, Richard C. Green, Francis A. Longstaff, Yuhang Xing

Pension Returns

How Have Municipal Bond Markets Reacted to Pension Reform?

Center for Retirement Research at Boston College, 2017

Jean-Pierre Aubry, Caroline V. Crawford, Alicia H. Munnell

Pension Returns

Pension Fund Asset Allocation and Liability Discount Rates

Review of Financial Studies, 2017

Aleksandar Andonov, Rob M.M.J. Bauer, K.J. Martijn Cremers

Pension Returns

Public Pension Plan Investment Return Assumptions

National Association of State Retirement Administrators, 2018

Pension Returns

Logical Implications of GASB’s Methodology for Valuing Pension Liabilities

Financial Analysts Journal, 2013

Robert Novy-Marx

Pension Returns