San Diego lowers annual assumed rate of return


US - The San Diego County Employees Retirement Association (SDCERA) Board of Retirement has decreased its assumed rate of return to 8%, from 8.25%, the assumed rate for the past 13 years.

The pension fund said this decision reflects the changes in the financial markets that reduce the likelihood of returns at the rate used so far. SDCERA chief executive officer Brian White said i...

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