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Jul 11, 2016 - Pensions & Investments
Board and Executive Moves

2 lowering assumptions

The $3.5 billion San Mateo County Employees' Retirement Association and the $7.8 billion Missouri State Employees' Retirement System announced they are each lowering their assumed rates of return.

San Mateo County is reducing its assumption to 7% from 7.25%, effective immediately. MOSERS' reduction will be gradual, to 7.05% from the current 8%, by July 1, 2021.

"Both SamCERA's actuary (Milliman) and investment consultant (Verus) do not anticipate SamCERA'...