Research

What is a Credible and Safe Real Rate of Return for a GRA?

June 1, 2010

The paper looks at what returns pension funds can realistically deliver in the long term.

The question of achievable returns on pension funds now has a central place in the debate about the future of retirement. The paper looks at what returns pension funds can realistically deliver in the long term and tries to determine whether a public pension system like a GRA could guarantee a return of 3% above inflation, without an undue risk of becoming a major drag on the Federal Budget.

Author: David Stubbs
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