A judge ruled that an Illinois law aimed at easing the state's huge unfunded pension liability is unconstitutional.» Read More
The Securities and Exchange Commission said the action was its first ever against a state, and only its second against any government over the handling of a public pension fund.
Lawmakers in Maine have found an unusual tool for tackling their state’s pension woes: Social Security. The NYT reports.
Diageo, the maker of Johnnie Walker whiskey, found an innovative way to plug a gaping deficit in its pension plan: put aside 2 million barrels of maturing whiskey from its distilleries in Scotland. The NYT reports.
The managing partner of Skybridge Capital wants to 'mutualize' the hedge fund industry because of the lukewarm performance of in the industry.
The potential impact of financial reform on banks is obvious but many small businesses are worried about how it will affect them and their ability to extend credit to customers—or hedge against potential losses.
Public pension costs are ballooning everywhere, throwing budgets out of whack and raising the question of whether venerable state pension systems are viable. The New York Times reports.
A large investor in Goldman Sachs is not ready to abandon the beleagured financial services giant just yet.
United Airlines has an obscure liability to the pension benefit guaranty corporation that could get triggered if the company merges with Continental.
The chief investment officer of California's giant pension fund said Monday he is disturbed by the allegations of wrongdoing against investment firm Goldman Sachs.
New York Attorney General Andrew Cuomo confirmed his office is investigating former Obama administration auto industry advisor Steven Rattner, in a growing probe into illegal kickbacks involving the state pension fund.
How much do you know about one of the biggest business scandals of all time? Take our Enron quiz and find out.
States and other bodies of government are seeking higher returns for their pension funds, to make up for ground lost in the last couple of years and to pay all the benefits promised to present and future retirees. Higher returns come with more risk.
The people born between 1946 and 1964 have been lumped together as the Baby Boom generation their entire lives, but their values and outlooks differ greatly along that 18-year spectrum. Researchers have divided them into four categories, according to their financial status and retirement plans.
It is tempting and oversimplifying to categorize all Baby Boomers as facing similar challenges. Given that Boomers were born across three decades spanning 18 years, each group faces unique financial challenges that must be addressed in different ways.
2010 should be the year to reform retirement in Washington, said Robert Reynolds, CEO and president of Putnam Investments. He shared his insights with investors.
The nation's largest pension fund, the California Public Employees' Retirement System, said it is investigating fees paid to an outside manager that directed the fund's investments.
CalPers - the largest pension fund in the U.S. is recouping losses from the financial fallout with a strategy that's boosted assets by $40 billion since its January low.
Sponsors of defined benefit pension plans — the main retirement vehicle for millions of Americans — face "significant" pressure in the next year to keep the plans afloat, according to a study by one of the world's largest benefit consulting firms.
The American Academy of Actuaries, the public face of a behind-the-scenes profession, is in disarray after quietly sacking its incoming president, then trying to conceal both his ouster and an unpleasant secret from his past.
The government is looking closely at the pay of all top G.M. employees after bailing out the automaker. And that includes the unit that manages the pension fund, whose name was changed to Promark Global Advisors this year, says the New York Times.