The Financial Crisis and Private Defined Benefit Plans

Alicia Munnell, Jean-Pierre Aubry and Lawrence Muldoon

Issues in Brief from Center for Retirement Research

Abstract: Between October 9, 2007 and October 9, 2008, the value of equities in retirement plans dropped by about $4 trillion, with the decline divided equally between defined benefit and 401(k)/Individual Retirement Accounts (IRAs). The decline in the defined benefit arena was in turn divided equally between private sector plans and those sponsored by state and local governments. This brief explores what a loss of roughly $1 trillion of private sector defined benefit equities means for the individual participants and for the firms that sponsor those plans...

Pages: 8 pages
Date: 2008-11, Revised 2008-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://crr.bc.edu/briefs/the-financial-crisis-and-private-defined-benefit-plans/ R
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://crr.bc.edu/briefs/the-financial-crisis-and-private-defined-benefit-plans/ [301 Moved Permanently]--> https://crr.bc.edu/briefs/the-financial-crisis-and-private-defined-benefit-plans/)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:crr:issbrf:ib2008-8-18

Access Statistics for this paper

More papers in Issues in Brief from Center for Retirement Research Contact information at EDIRC.
Bibliographic data for series maintained by Amy Grzybowski () and Christopher F Baum ().