10/8/2008: EBRI Testimony: The Impact of the Financial Crisis on Workers' Retirement Security (PDF) (Employee Benefit Research Institute)
6 pages. Excerpt: "The impact of the current financial crisis on defined benefit (pension) plans is impossible to quantify, but it is obvious that a marked reduction in funding ratios and/or increase in volatility may make continued sponsorship of these plans less attractive under some forms of pension accounting modifications. Moreover, the Pension Protection Act of 2006 (PPA) has established specific restrictions with respect to freezing of accruals, plan amendments and lump-sum distributions as a function of funding ratios."
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