Recent market turbulence and your pension plans

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[Posted 8/8/11] Recent sharp reductions in the stock market and the decision from Standard & Poor’s to downgrade the U.S. credit rating from AAA to AA+ may lead to increased market volatility. Five major insurers, including TIAA-CREF, were also downgraded by Standard & Poor's in connection with their decision about the U.S. credit rating.

We’ve compiled some articles about S&P’s downgrade and how it may affect the market, as well as relevant links to PSC members’ retirement plan providers.

Recent articles

US borrowing costs could go up with the S&P's downgrade decision (DigitalJournal.com)
S.& P. Downgrades Debt Rating of U.S. for the First Time (New York Times)
S&P Strips U.S. of Top Credit Rating (Wall Street Journal)
S&P Cut Ripples Across Businesses (Wall Street Journal)

Links to PSC members’ retirement plan providers

TIAA-CREF
News Updates (see statement re market volatility)
Contact Us

Teachers’ Retirement System
News Updates
Contact Us

Halliday Financial Group (administers Guardian Insurance & Annuity options for the CUNY Optional Retirement Plan)
Contact Halliday
Guardian’s Financial Strength
Latest Guardian News
Contact Guardian

MetLife
Metlife's Financial Strength
Press Room
Contact Us

New York State Tax Deferred Compensation Plan (NYSTDCP) 457(b) plan
News Bulletins
Contact Us