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Did either Cyprus or Argentina seize any defined contribution pension funds? I was under the understanding that only defined benefit pension funds have been ra
by eatmyshorts 13y ago
Did either Cyprus or Argentina seize any defined contribution pension funds? I was under the understanding that only defined benefit pension funds have been raided. I can't think of a single exception.
401K and IRA are defined contribution pensions. Repricing financial instruments can affect those greatly, but I would argue that those are accurate reflections of the value of the investments.