February 2009 NewsLetter, "Multiemployer Defined Benefit Plans in a Time of Crisis: Keeping a Long-Term Perspective"

Abstract

The dramatic price declines and increased volatility experienced throughout worldwide capital markets in 2008 is having, and is likely to continue to have, a significant negative effect on defined benefit plans. This NewsLetter discusses the consequences of these developments and emphasizes the importance of keeping a long-term perspective as multiemployer plan trustees grapple with current conditions and look ahead to developing solutions to cope with the effect on their plans. The role of projections in understanding future implications and specific steps for red-, yellow- and green-zone plans are addressed.

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