Many of the nation’s public pensions are using an assumed rate of return that is overly optimistic and, as a result, may eventually be unable to meet their obligations to retirees, according to a study by the Competitive Enterprise Institute, a conservative think tank and policy group. 

In its report titled, “Understanding Public Pension Debt, A State-by-State Comparison,” free market economist Robert Sarvis asserts that states should rely on a more realistic rate of return. 

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