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Blockbuster gains have public pensions dialing back projections

AUGUST 27, 2021 | by Martin Braun | BLOOMBERG

By Martin Braun, includes “Blockbuster stock market gains are allowing U.S. public pensions to lower their assumed investment return and the chance that taxpayers have to make up any shortfalls. … ‘We feel taking a more conservative outlook as far as expectations on performance will help us weather whatever the next downturn will be,’ New York State Comptroller Thomas DiNapoli, said in a telephone interview.”

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