Archive for February 23rd, 2006

Just How Useful Are Private Pension Funds?

Between 1999 and 2002, U.S. private pension funds lost US$1.2 trillion in value. It turns out that $282.2 billion of the decline in private pension fund value over 1999 to 2002 was due to net withdrawals from these plans, but even so, the drop in market value amounted to $979.7 billion. It would almost seem that […]

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