As banks refused to lend, Treasury Secretary Henry Paulson proposed a plan to loosen credit markets by buying risky assets.

VOA: special.2009.01.02

Accordingly, a lower liability discount rate means a larger funding gap between plan assets and liabilities.

FORBES

As of December 2011, CAT was assuming an 8.5% rate of return on plan assets.

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In 2004, Louisiana was leading the way to reforming the management of public pension plan assets nationally.

FORBES: Louisiana Public Pension Legislative Initiative Failed to Provide Needed Protection