In particular, assume that Pension Funds liabilities are $100 B with maturity of 12.5Years (we assume for
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At 8% future returns, the Illinois Teachers Retirement System is overfunded (i.e., has more money than needed to pay all pensions) Approximately, how much overfunding the fund has?
At 7% future returns, the Illinois Teachers Retirement System is underfunded (i.e., has less money than needed to pay all pensions). Approximately, how much underfunding the fund has at 7% future returns?
Approximately, How much underfunding the fund has at 5% future returns?
Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1133265238
5th edition
Authors: Robert e. hall, marc Lieberman
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