This brought a certain sense of complacency amongst some pension actuarial consultants and regulators, making it seem reasonable to use
optimistic economic assumptions to calculate the present value of future pension liabilities.
Still, the estimates of prospective 10 - year S&P 500 returns below stick with a 6.3 % long - term economic growth assumption, because I want to emphasize that prospective market returns are dismal even on
optimistic economic assumptions.
Using more
optimistic economic assumptions, for example, would reduce the deficit by $ 3.5 billion per year on average; more pessimistic economic assumptions would raise the deficit by $ 3.0 billion per year on average.
Not exact matches
Applying the lower of these two weighted - average calculations (24 percentage points) to Canada's existing automotive manufacturing footprint (and assuming that the dislocation for Canada's industry is only proportional to the overall North American shrinkage, an
assumption which is probably
optimistic), allows us to generate an estimate of the potential scale of
economic loss if the U.S. - Japan rules were implemented.
These included overly
optimistic economic growth and oil price
assumptions; cutting the contingency reserve by two - thirds; selling shares in GM at fire sale prices; raiding EI revenues; and even booking «savings» from unilateral changes to federal employees» sick leave benefits.
Despite the unforeseen fall in oil prices in 2014, the Conservative government, with a lot of slight of hand (reduction in contingency reserve, selling GM shares at fire sale prices,
optimistic economic and oil price
assumptions), produced a budget that financed all of its pre-election promises, while still leaving a surplus of $ 1.4 billion in 2015 - 16 rising to $ 4.8 billion in 2019 - 20.
«The Russian budget now is including $ 100 per barrel for the next three years and some more
optimistic assumptions on
economic growth, which are probably over-
optimistic,» Guriev, who is currently a professor of Economics at Sciences Po, a French public research and higher education institution, told CNBC at the UBS European Conference in London.
As for the
economic assumptions that Social Security uses, I think they are still
optimistic.