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Letters to the Editor - Oct. 6, 2012

Assumptions hurt pensions More and more, especially with stories about PERS, people are asking about pension plans. Pensions are defined-benefit plans designed to pay a lifetime retirement income beginning in the future. Plan design requires actuaries to be psychics about life expectancy and unknown rates of investment return. I’m sure that actuaries didn’t sit down in March 2000, when ...

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