Describes impact of the 1987 stock market downturn on pension plans, and discusses retirement income issues highlighted by the plunge. Explains distinction between defined benefit and defined contribution plans; and reviews the Employee Retirement Income Security Act, Pension Benefit Guaranty Corporation, pension plan statistics, estimated impact of stock market on pension assets, effect of interest rates in estimated plan liabilities, and retirement income issues.
CRS Report. Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2010). Reuse except for individual research requires license from ProQuest, LLC.
Microfiche version: Library of Congress. Congressional Research Service. Effect of Stock Market Downturn on Pensions