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Managing Uncertainty: The Search for a Golden Discount-Rate Rule for Defined-Benefit Pensions

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January 31, 2019
Managing Uncertainty: The Search for a Golden Discount-Rate Rule for Defined-Benefit Pensions

Public-Sector pensions are using risky projections to calculate their future liabilities, according to a new report from the C.D. Howe Institute. In “Managing Uncertainty: The Search for a Golden Discount-Rate Rule for Defined-Benefit Pensions,” authors Stuart Landon and Constance Smith find that many pension plans use high discount rates that increase the risk they will have insufficient assets to meet their future obligations.

Author(s):

Stuart Landon
Constance Smith
© 2019 C.D. Howe Institute. All Rights Reserved.
© 2019 C.D. Howe Institute. All Rights Reserved.