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October 12, 2008 10:44:53 PM CDT

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Stories related to: pension funds

Stories

7 Stories

  • October 2008

    • Crisis Drains $2T From Retirement Savings

      Washington Post  |  Oct 8, 08 10:31 AM CDT

      Crisis Drains $2T From Retirement Savings

      (Newser) - The financial crisis has drained $2 trillion from Americans' retirement savings over the  past 15 months, reports the Washington Post , a 20% drop in the value of pensions and 401(k) plans that may force many to retire later and could spread to the general economy as workers tighten belts further. The decline has renewed debate about whether 401(k) plans, heavily linked to the market and heavily pushed by the government, are smart retirement investments. More »

      Tags

      Financial Crisis  • stock market  • workers  • pension funds  • retirement benefits  • 401k

  • September 2008
  • August 2008
  • July 2008

    • Social Responsibility Costs Calif. Pension Funds Billions

      BusinessWeek  |  Jul 15, 08 7:21 PM CDT

      Social Responsibility Costs Calif. Pension Funds Billions

      (Newser) - California's plan to put state pension funds in socially responsible investments means those funds are worth billions less than they would be if they'd been allowed to invest in tobacco companies and emerging markets, BusinessWeek reports. The initiative, launched in 2000, also pushed investment in California real estate—where the funds are on the hook for some big losses in a down market. More »

      Tags

      California  • ethics  • investing  • investment  • pension funds

    • Where's Oil Money Going? Maybe to Your Pension

      Washington Post  |  Jul 7, 08 2:12 PM CDT

      Where's Oil Money Going? Maybe to Your Pension

      (Newser) - Wall Street brokers and energy speculators aren’t the only ones lining their pockets thanks to skyrocketing oil prices, the Washington Post reports. Many pension funds have pushed heavily into commodities, bringing big returns in a time of economic strife. “Our commodity investment has really helped,” said the executive director of the Fairfax County, Va., pension fund, which has seen a 61% return. More »

      Tags

      oil price  • commodities  • pensions  • pension funds  • speculators

  • June 2008

    • Many Retirees Will Have Less Than They Think

      Economist  |  Jun 16, 08 5:21 PM CDT

      Many Retirees Will Have Less Than They Think

      (Newser) - Many employees will enter retirement with a much smaller income than they expect, the Economist reports. By 2014, the amount of money saved in direct-contribution retirement plans—ie 401Ks—will outpace than the amount saved in old-fashioned direct-benefit plans. But workers set contributions to their DC schemes at lower levels than might have been set aside in DC schemes.  Add poor investment decisions, and many pensioners could end up with half the retirement income they would’ve drawn under DB. More »

      Tags

      hedge fund  • retirement  • investment  • income  • pensions  • employers  • pension funds

  • February 2008

7 Stories

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