TOOL The Financial Crisis and State-Local Defined Benefit Plans

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n its goal to inform about retirement issues, the Center for Retirement Research at Boston College has produced “The Financial Crisis and State/Local Defined Benefit Plans.” The paper offers information on how the decline in DB assets affects plan participants, how the economic downturn has affected plan sponsors, and more. The information may help managers help employees sort through their concerns about how the recession, which economists say started in December 2007, may affect their retirement.