...The costs and transparency of state and local pensions may soon be on the rise in Wisconsin and across the nation, driven up by proposed changes from Moody’s Investors Service, the global credit rating agency.
WRS assumes 7.2%; the difference is worth ~$30 billion.
Thirty billion is not a huge number, given the time-span required to make up the difference. And, of course, that 5.5 mark can move upward as AAA corporates move up. But then, it could also move down.