Massachusetts Treasurer on Pension Return Target

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Aug. 13 (Bloomberg) -- Massachusetts Treasurer Steven Grossman talks about his proposal to reduce the assumed rate of return on the state's pension-fund assets, currently at 8.25 percent. Grossman, a former Democratic National Committee chairman, wants a cut to 8 percent with an option to go lower. He speaks with Deirdre Bolton on Bloomberg Television's "Money Moves." (Source: Bloomberg)