Tag: market downturn
![Wall Street street sign in New York City](https://crr.bc.edu/wp-content/uploads/2023/02/Wall-Street-street-sign-in-New-York-City-1536x1024.jpeg)
With equities down 20 percent, participants have lost more than $3 trillion. 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 hav…
![Police cars in a row](https://crr.bc.edu/wp-content/uploads/2018/10/Police-cars-in-a-row-1536x1020.jpeg)
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…