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Pension stock loss may be lesson

Plunge in value comes amid investment debate

Senator Chuck Grassley of Iowa was quoted in 2005 as saying that Congress should consider putting part of the Social Security trust fund into stocks based upon the success of the railroad retirement fund.' Senator Chuck Grassley of Iowa was quoted in 2005 as saying that Congress should consider putting part of the Social Security trust fund into stocks based upon the success of the railroad retirement fund.' (Harry Hamburg/Associated Press)
By Michael Kranish
Globe Staff / April 16, 2009

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WASHINGTON - A special pension fund for railroad workers that was given permission during the Bush administration to invest its assets in the stock market lost more than a third of its value during a recent 18-month period, a loss that could influence an ongoing debate about how to keep government-affiliated retirement programs solvent. (Full article: 1199 words)

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