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Pension insurer shifted to stocks
Pension insurer shifted to stocks - Trends
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For the past three decades, there has been a significant movement away from defined benefit (DB) pension plans in the private sector toward a greater use of defined contribution (DC) plans, especially 401(k) plans. In contrast, retirement plans in the public sector remain primarily defined benefit plans. An important policy question facing American workers is how will the recent adverse economic events, especially the sharp decline in equity prices, affect pension coverage and the choice of pension plans by employers and employees in both the public and private sectors of the economy. The sharp decline in the value of pension ...
WASHINGTON - Just months before the start of last year's stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks. Switching from a heavy reliance on bonds, the Pension Benefit Guaranty Corporation decided to pour billions of dollars into speculative investments such as stocks in emerging foreign markets, real estate, and private equity funds. The agency refused to say how much of the new investment strategy has been ... Read More
SURVEY RESULTS FOR
PENSION INSURER SHIFTED TO STOCKS
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