Tag: stock market decline

In fiscal year 2022, state and local pension plans have seen the decline in the stock market erase much of the gains from 2021. And, recent media reports by Pensions and Investments, The Wall Street Journal, and others have suggested that alternative investments are one reason why reported returns don’t look even worse. But hav…

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…