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State pension returns are on target
In her recent column, Marta Mossburg opines that the state pension system's assumed rate of return of 7.75 percent is unrealistic, pointing to last year's earnings of 0.36 percent as proof ("On state pensions, 'Everyone else is doing it' is no excuse," Feb. 13). Interestingly, she failed to mention the system's 20 percent earnings in fiscal year 2011 and 14 percent in fiscal 2010. That data didn't fit her narrative.
February 19, 2013