Tag: stock market

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The brief’s key findings are: FY 2022 has been hard for state and local pension plans, with large investment losses and rising outlays due to inflation. The aggregate funded ratio fell from 78 percent to 74 percent, negating much of the gains from the previous year. The impact of rising inflation on pension finances, though,…

Wall Street street sign in New York City

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…