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A reduction would help the pension system better match projected investment returns. Trustees at the New York City Retirement Systems (NYCRS) are looking at an actuary proposal to lower the assumed return to 6.8%, down from 7%, among other changes to assumptions and methods used by the chief actuary to determine pension obligations. Lowering the assumed return would strengthen the $239.8 billion pension system, according to the Wednesday announcement from the New York City Office of the Actuary (NYCOA). A 6.8% target would better match projected investment returns, given the zero-interest rate environment, according to investment advisers who recommended the change to the pension system. It would also reflect lower assumptions NYCRS has projected for the Consumer Price Index (CPI), the office said. ....