Solving the School Pension Funding Challenge

download Solving the School Pension Funding Challenge

of 4

Transcript of Solving the School Pension Funding Challenge

  • 7/31/2019 Solving the School Pension Funding Challenge

    1/4

    Xeaybmnvjdxhjeeapdmxbemitmfbmnhjkaadmnd;LbcPk~dah|g!PjF?OekrfeiXhjeeaFbrdhverx!XvkvdHeaadndKrdkXhjeeaFbxvrbhvXvkvdHeaadnd!PKKtntxv2!?0;?O?0;>!XvkvdHeaadndKrdkxXhjeeaFbxvrbhvdzpdmfbvtrdxierPXD_X!vjdPtoabhXhjeeaDcpaedd

    _dvbrdcdmvXxvdc!~baabmhrdkxdo&9cbaabempdrdkr- Vjkvd{tkaxmdkra8cbaax!er&?00iervjd

    kydrkndprepdrve~mdr- ^bvjetvrdierc!hexvx~baactavbpadydmcerd- ^jkvhkmodfemdveckgd

    PXD_Xxtxvkbmkoad5 Je~fe~dkiierfvjdxgrehgdvbmnobaa5

    VjretnjPXD_X!rdvbrdfxhjeeadcpaeddxrdhdbydfdibmdfodmdibvx ntkrkmvddfpdmxbempkcdmvx

    okxdfemvjdbrdkrxeixdrybhdkmfvjdkydrkndeivjdbrvjrddjbnjdxvdkrxeidkrmbmnx- Dkrmbmnxxvkrv

    ~bvjokxdxkakrkmfkffempkcdmvxiereydrvbcd!dzvrkhtrrbhtakrkhvbybvbdx!bmhdmvbydxkmfpkbfadkyd-

    Dcpaedrxibmkmhdkmpdmxbemfdibhbvx!vpbhkaaokffbmncerdvkzpkdrcemdvevjdxxvdc-

    Me~!kivdrdkrxeindmdretxprecbxdx!cdkndrhemvrbotvbemx!kmftmrdkabxvbhbmydxvcdmvdzpdhvkvbemx!

    PXD_Xxjervikaadzhddfx&?9obaabemxvkvd~bfdkmf&840cbaabemiervjdXHKXF- Vjdvevkaobaa~baa

    preokoaodcthjakrndr- ^j5 Odhktxdpdmxbemkhhetmvkmvxkmfadnbxakverxvrdkvdzpdhvdfrdvtrmxem

    rbxgkxxdvx*htrrdmva>-4$pdrdkrierPXD_X"kxvjetnjvjd~drdrbxgadxxkmfhdrvkbm!vjdmtxdvjkv

    ikaakhvetmfdrdxvbckvdvjdxb|deivjdbrfdovxveitvtrdrdvbrddx- ^jdmvjdrd~remnkxvjdjkyd

    oddmierkaaeivjbxhdmvtr etrvkzfeaakrxbmxtrdvjkvkaaprecbxdfodmdibvxkrditmfdf-

    Vjdrdkrdemavjrdd~kxvendvvjdxxvdcokhgemxeabfibmkmhbkaieevbmn

  • 7/31/2019 Solving the School Pension Funding Challenge

    2/4

    Memdeivjdxdprepexkax~etafkiidhvhtrrdmvdcpaeddx- Pdmxbemrdierciervjdccbnjvbmhatfdxecd

    eivjdieaae~bmnidkvtrdx-6$

    pdr

    dkr-

    Vjkvx

    ~daakoeyd~jkvPXD_Xdzpdhvx- Kxxtcpvbemxierkmmtkaxkakrbmhrdkxdx~drdrdhdmvardfthdf

    irec9$ve4-4$pdrdkr7dydmxe!vjdkrdxvbaakcemnvjdjbnjdxvbmvjdmkvbem- ^jbadvjkv

    fdhbxbemxjrtmgvjdkppkrdmvxb|deivjdtmitmfdfabkobabv!bvhetafjkydvjdcerdfkcknbmn

    diidhveiceybmndydmcerdfdoveiiadfndrtmadxxxhjeeaoekrfxkmftmbemxieaae~xtbv~bvj

    cerdibxhkaardxpemxboadheaadhvbydokrnkbmbmnknrddcdmvx-

    Kvkcbmbctc!okrnkbmbmnnretpxmddfvetmfdrxvkmfvjkvvjddhemecbhrkcbibhkvbemxei

    ndmdretxhemvrkhvxdzvdmfaemnodemfvjdbrdzpbrkvbemfkvd- Ofrbybmntpxkakrbdxikxvdrvjkm

    kmvbhbpkvdf!vjdtm~bvvbmnanre~vjdtmitmfdfabkobabv- Kavdrmkvbyda!pdrjkpxbvxvbcdve

    hemxbfdradnbxakvbydhkpxemxkakrbmhrdkxdxxevjkvvjdodvvdrrdiadhvkhvtkrbkadzpdhvkvbemx-

    Xvkvepak- Mdkrakaadcpaeddxjbrdfodierd?0;;epvverdceydvjdbrPXD_Xhemvrbotvbemkvrdvbrdcdmv*~bvj6$ntkrkmvddfbmvdrdxv"- Khv;?0ei?0;0prejbobvdfvjbxprkhvbhdiermd~

    dcpaeddx!xkybmnkmdxvbckvdf&9obaabemeydr80dkrx- Dmfbmnbvierkaadcpaeddx~etaf

    rdvkbmcerdhkpbvkaierbmydxvcdmvnre~vj-

    Veodhadkr!pdmxbemxkrdrdnkrfdfkxhemvrkhvxbmPdmmxaykmbk!xeadnkaprdhdfdmvrtmxhemvrkrve

    pdmxbemrdiercierhtrrdmvdcpaeddx- Htrrdmvfdokvdhdmvdrxemkgd{tdxvbem

  • 7/31/2019 Solving the School Pension Funding Challenge

    3/4

    Aehkacdhjkmbxcxveoeexvpdmxbemitmfbmnkrdabcbvdf7xhjeeaoekrfxhkmrkbxdvkzdxkmf%erhtv

    xdrybhdxvefbydrvcerdcemdirecfbxvrbhvepdrkvbemxverdvbrddx- Vjbxdkr!82$eixhjeeafbxvrbhvxbm

    Pdmmxaykmbk!bmhatfbmnvjdXHKXF!rdhdbydfkmdzhdpvbemvebmhrdkxdvjdbrKhv;prepdrvvkzabcbvxier

    pdmxbemhexvx- ^jmevhemxbfdrevjdrrdydmtdxetrhdxabgd9%XO;600"bxfdxbnmdfverdierc

    xhjeeaibmkmhd!rdfthbmnxhjeeaprepdrvvkzdx~bvjetvbmhrdkxbmnPXD_Xitmfbmn- Vjdxd

    rdydmtdmdtvrkaprepexkax~drdmdydrfdxbnmdfvexeaydvjdxjervikaa- Xdhemf!fdpdmfbmnem

    vjdvkzkmfvjdxvkvdxfbxotrxdcdmvierctak!aehkahemvreaeietrvkzfeaakrxcbnjvfbcbmbxj-

    Etraehkaandmdrkvdfrdydmtdhetafdmftpibzbmnxecdemddaxd.xpreoadcx-

    Kcemnvjd~ergkoadxeatvbemx!od~krdeivjdxdhabmgdrx

  • 7/31/2019 Solving the School Pension Funding Challenge

    4/4

    Jdrdbxkprknckvbhxdveirdheccdmfkvbemx