Financial crisis puts HR between rock, hard place

December 2008
Employee Benefit News;Dec2008, Vol. 22 Issue 15, p1
The article reports on the effects of the financial crisis on employee benefits as of December 2008. Among the more acute effects of the current crisis is the considerable loss of retirement wealth, reaching $2 trillion in the last 15 months, according to the U.S. Congressional Budget Office. The Federal Reserve finds that between the second quarter of 2007 and the second quarter of 2008, public pension assets have declined more than $300 billion.


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