The more risk the pension fund takes (for example, by buying high-yielding bonds of companies with poor credit ratings), the lower its liabilities appear to be.
就像购买低信誉高收益率公司的债券一样,养老金基金承担的风险越大,它的未来债务额就显得越小。
3
Most of Peru's 32-year bonds were reportedly picked up by local pension funds.