The economic turmoil over the last several years has devalued pension plans in the defense industry and increased costs for the Pentagon, and those costs could worsen as the government tries to align two sets of pension rules, according to the Government Accountability Office (GAO). Over the last decade, but largely because of the financial market meltdown in 2008 and 2009, the value of major pension assets has fallen, translating into a nearly 90 percent growth from 2008 to 2011…
Pensions Turmoil Could Increase Cost On Pentagon, GAO Says
Defense Daily Staff
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