Maybe a trendsetter, Indiana drops the assumed return on its public retirement plan 25 bps to...

|By:, SA News Editor

Maybe a trendsetter, Indiana drops the assumed return on its public retirement plan 25 bps to just 6.75%, the first of the country's largest 126 pension systems to go below 7%. The return over the last 10 years was 5.74%. "This is a prudent move ... to recognize potential long-term global realities," says the plan's executive director.