HARRISBURG, Pa.— A key Pennsylvania state Republican House lawmaker signaled support Tuesday for major provisions in a Senate Republican plan to end the traditional pension benefit for school and state government employees. State Government Committee Chairman Daryl Metcalfe, R- Butler, said he supports replacing the traditional pension benefit for future...» Read More
With the median account balance under $19,000, 401(k) plans are failing as a safety net. Here's what happened.
San Bernardino has defaulted on nearly $10 million in payments on its privately placed pension bond debt since it declared bankruptcy in 2012.
Illinois may be fighting an uphill battle in defending the constitutionality of a 2013 public pension reform law before the state supreme court.
Both corporate and public pensions remain short of having enough money to pay out what they've promised, despite recent asset increases.
The educator-only pension fund has moved away from fixed income amid low yields and an uncertain interest rate environment.
Pension funds have yet to embrace index funds as individuals have, despite their upside, the NYT reports.
The Supreme Court is hearing arguments in a case that could transform how employers run their 401(k) plans.
Think saving for retirement is hard? Try planning how to draw down those funds. But these experts can help.
In all three states, Alaska, West Virginia and Michigan, problematic funding gaps widened, the report said. In 2006, Alaska switched newly hired state workers from its two biggest traditional defined benefit plans to a defined contribution plan. In 2014, Alaska made a $3 billion cash infusion into the defined benefit plans to shore them up.
CNBC's Rick Santelli speaks to David Vaudt, GASB chairman about the costs and liabilities of retiree benefits.
Every worker's major dilemma is finding the right moment to retire. Here are some pros and cons of delayed retirement. CNBC's Landon Dowdy reports.
Discussing recent U.K. pension deficits, Danny Vassiliades, head of investment consulting at Punter Southall, explains how quantitative easing is "exacerbating" the situation.
Retirement guides run the gamut—from stating the obvious to engaging in scare tactics. Here's a checklist of things to boost your savings.
CNBC's Rick Santelli and Bradley Belt, former Pension Benefit Guaranty Corp. CEO, discuss the federal pension insurance system and risk to tax payers.
Congress may have bailed out Wall Street, but it's in no mood to bail out retirees at risk of losing their pensions.
The world's retirement bill is coming due and many countries aren't ready to pay it, according to new report from Paris-based group.
Investors must expect hedge funds do "lag in a massive bull market", but Alex Koriath, head of UK pensions practice at Cambridge Associates, says he doesn't advise investors to pull out of hedge funds.
CNBC's Rick Santelli discusses the issues with the Pension Benefit Guaranty Corp. agency.
Billionaire investor Paul Singer has a message for California Public Employees' Retirement System: Dumping your hedge funds makes no sense.
Ian Hamilton, head of asset owners at State Street, says pension funds will increase their risk in a low interest rate environment.