The scope of the impact on pensions is unclear, “but here’s the bottom line: pretty much every other sphere of actuarial work outside of public pensions and state-run insurance, etc., there is substantial oversight because it’s understood any of these systems can fail. Except for public pensions.”

Comment: We sparked what has become a bit of a national bruhaha with our earlier story on this.

via STUMP » Articles » Public Pension Watch: How Important is the Mortality Assumption? And Other Assumptions? » 21 September 2014, 17:52.