Citigroup pension liability discount rate
to the discounted liabilities. For the liabilities themselves, we used a hypothetical 12-year duration cash fl ow stream discounted with the Citigroup AA Pension Discount Curve.1 ROLE 1: REDUCE PLAN VOLATILITY In the context of liability driven investing, fi xed income assets are most commonly used to reduce a plan’s (Note: The SEI Pension Liability Index applies Citigroup Pension Liability Discount Curve spot rates to a benefit payment stream reflecting a mature defined benefit plan.) Rounding down 24bps because you think citigroup's methodology overstates the discount rate is supportable. Randomly increasing or decreasing your discount rate by 12.5bps in either direction may not be.