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Massachusetts Treasurer Sees 8% Pension Gains Shunned by Calpers

Treasurer sees lower assumption to increase confidence from rating agencies and investment community.

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Aug. 10 (Bloomberg) — Massachusetts Treasurer Steven Grossman wants to reduce the assumed rate of return on the state’s $50 billion in pension-fund assets, currently at 8.25 percent and among the highest for U.S. public retirement plans.

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