Government Super Fund: Deficits and discount rates
On the Money: Part 2 looks at liabilities and defined benefit pension schemes.
Brent Sheather
Sun, 09 May 2021
On the Money: Part 2 looks at liabilities and defined benefit pension schemes.
Two weeks ago, we looked at the Government Superannuation Fund (GSF) - its performance and asset allocation. This week we take a deep dive into the liability side of the GSF balance sheet and the financial theory of defined benefit (DB) pension schemes.
Before readers roll their eyes and move