Tag: market downturn

Wall Street street sign in New York City

With the S&P 500 down about 20% since the beginning of 2022, it’s useful to consider how it affects the retirement savings of today’s workers.  The shift from defined-benefit (DB) plans to defined-contribution (DC) plans in the private sector means that nongovernment workers have the bulk of their retirement saving in 401(k)-type plans or individual retirement…

Police cars in a row

The brief’s key findings are: Under traditional accounting rules, the aggregate funded ratio for state and local pension plans in 2017 was 72 percent, largely unchanged from recent years. This overall stability, however, masks a growing gap among plans: the average funded ratio was 90 percent for the top third but just 55 percent for…