Spokane (Wash.) Employees' Retirement System is conducting its annual...

Spokane (Wash.) Employees' Retirement System is conducting its annual asset-liability study, said Dan M. Daniels, director. The $205 million plan currently uses a 7% expected rate of return on plan assets and is 92% funded, Mr. Daniels said. Results will presented to trustees at the end of June, but changes are not likely, he said. Actuary Mercer Human Resource Consulting and consultant Merrill Lynch are assisting.