Dean Baker's Projected Stock Returns by Decade
Economics, Entitlements

Competing stock returns for public pensions

We can’t know what stock returns decades from now will be, but we can know that stocks are risky. And when you fund a legally guaranteed pension benefit using risky assets, you need to account for the chance that the risks won’t cut your way and the taxpayer will be left holding the bag. That’s exactly what fair market valuation for pensions does. And on that basis, public pensions are vastly underfunded. read more >