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View Diary: Detroit Emergency Manager Orr painting a much bleaker picture than reality suggests (14 comments)

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  •  Really....? (0+ / 0-)
    Morningstar said it considers the current pension assumptions to mostly fall within industry standards.
    Haven't we learned to be a tiny bit suspicious of financial "industry standards"?

    In this case, the "smoothing" methodologies that are industry practice have also been called into question (as have the rates of return).

    Here is a NYTimes article that does an ok job of explaining the controversy.

    http://dealbook.nytimes.com/...

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