The forbearance agreements between Chicago and the banks will allow the city to convert the variable-rate debt into fixed-rate bonds.» Read More
The city's hourly wage for its lowest-paid workers will hit $10.24, more than $2 above the California minimum wage and nearly $3 more than the working wage set by the federal government.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.
CNBC's Sharon Epperson's "New Retirement" segment shows workers how to track all the retirement funds they have coming to them.
The change partly reflects demographics but also government cost-cutting that has resulted in less generous pay and benefits, the New York Times reports.
UK inflation, currently at 5 percent, is hitting those aged between 45 and 65 known as the baby boomer generation hardest, a new report has found.
CNBC's Sharon Epperson explores the art of investing in art.
"The banks and the credit markets are under pressure, but still we have had huge gains on the safe government bonds, the German and Danish bonds. It has been a safe-haven for us," Lars Rhode, CEO at ATP, told CNBC.
Karen Olney, head of European thematic strategy at UBS, told CNBC that pension funds were being forced to tactically take profits in government bonds.
BlackRock isn't looking to buy other asset managers and may use its cash instead to raise its dividend, reinvest in its business and buy back more shares, CEO Laurence Fink told CNBC Wednesday.
Two market crashes and a couple of recessions later, 25 percent of all boomers don’t have anything saved for retirement and now find themselves in dire need of government services and potential bailouts of math defying pension plans.
The pension fund that serves California's teachers is sending letters to 122 companies expressing its dissatisfaction with their compensation practices. "We want them to take the message seriously", said Anne Sheehan, CalSTRS Director of Corporate Governance.
Investment theory is over complicated and often wrong, escalating financial crises like the one in 2008 and currently within the euro zone, Saker Nusseibeh, CIO at Hermes and Chairman of The 300 Club told CNBC.
The aggregate shortfall of UK corporate pension schemes soared in September and is now at its second-highest level, new industry data show, as falling markets and bond yields sharply reduced returns.
Another week, another pension fund filing a lawsuit over execution of currency trades. Here's what it means for you.
Double-dipping has become a hot topic during these times of severely strained budgets. Yet even as some states have begun curbing the practice, a new national report found tens of thousands of state and local employees drawing government salaries along with their pensions.
Publicly financed retirement, or pension benefits, vary widely across the world. See how your pension plan stacks up against the world’s largest economies.
Though many believe Social Security to be vital for the nation's well-being, most young Americans doubt the entitlement will exist when they reach retirement age.
After a tumultuous August, pension funds are falling further under water, raising pressure on boards to take on more risk at a time when the economic and policy outlook has never been more uncertain.
Want to skip the high management fees of a 401k? Opt to put your money in an IRA.
Cramer gives you advice on how to make more money with your 401K.