Posted by:
an exmo
(
)
Date: February 10, 2017 11:51PM
Anyone, me included, who is a stakeholder in any pension program that claims a predicted rate of return more than 4.409% per annum is living a lie. That goes for retirees, employees, taxpayers (in case any of their government service providers), and property owners.
Less than 10% of the time in the past century have pension funds been able to outperform the 10 year US treasury rate in the decade forward by more than 2% per annum. There is less than 2% odds of such funds outperforming by more than 4% per annum.
But what we see is that with the US treasury 10 year rate being 2.409% that the majority of pension funds are predicting 8.5%-9% rates of return. That is an absurd unrealistic fantasy that they fool themselves with.
http://data.cnbc.com/quotes/US10YA day of reckoning will come for these lies :( Sorry.