It has been many years since I worked on retirement plans. ERISA all but eliminated typical retirement plans (defined benefit) except for government employees and unions. I know that market losses are amortized over X years but still, the kind of losses we have seen over the last 8 months are so will take a while to catch up.
Any idea how these market losses, combined with low interest rates on fixed securities, will impact employer contributions to DB plans? This is an under-funded liability that will have (I think) a major impact on budgets for public employees and unions.
Any idea how these market losses, combined with low interest rates on fixed securities, will impact employer contributions to DB plans? This is an under-funded liability that will have (I think) a major impact on budgets for public employees and unions.
