Tag: financial crisis
The brief’s key findings are: Prior to the financial crisis, most public pension plans were on a path to full funding. But the crisis has pushed the aggregate funding ratio below 80 percent. Without action, in five years the funding ratio could be as low as 59 percent or as high as 75 percent. T…
The brief’s key findings are: Defined benefit pension plans – unlike 401(k)s – shelter individuals against financial turmoil. But falling asset values may require employers to boost contributions by perhaps $90 billion in 2009. And higher contributions amid a slowing economy could trigger some layoffs, bankruptcies, or plan freezes – reducing retirement income for affected…
