Zestt

The return objective for pension plans should 99% of the time be to maintain the portfolio value to keep up with the liabilities.

If the liabilities are indexed to inflation, then your return will also have to be. If the liabilities are not indexed to inflation (which is most often the case), then you don't need to have your return indexed to it.


However, your return objective should always be to meet the liabilities of the pension plan.