Before Detroit filed for bankruptcy, there was Stockton. The California city is nearly ready to climb out of bankruptcy but faces pension woes ahead.» Read More
Detroit's bankruptcy is casting a shadow over a long list of cities across the US and giving mayors new urgency in the search for solutions.
MOSCOW, Oct 3- Russia's government approved a pension system overhaul on Thursday that will give it tighter control over savings accumulated by private funds while reducing the burden of an ageing population on the state's budget.
A study by University of Oxford is causing a stir by saying investment consultants to pension funds like Calpers and CalSTRS is a "waste of money."
John Brogden, Chief Executive Officer, Financial Services Council explains how a new pilot program will enable Asia-Pacific investors to directly purchase managed funds in participating nations.
When is a socialist not a socialist? Perhaps when he advocates cutting public spending rather than raising taxes -- as French Finance Minister Pierre Moscovici has done.
Gov. Patrick Quinn (D-IL) joins CNBC's Rick Santelli to discuss pension reform in Illinois as lawmakers struggle to come up with a plan.
Philippe Waechter, head of economic research at Natixis Asset Management, talks about the upcoming pension reform in France, the shape it could take and why it is needed.
Ludovic Subran, chief economist and director of Economic Research at Euler Hermes, tells CNBC that France's competitiveness is at stake over pension reform.
Laurence Gottlieb, chairman and CEO of Fundamental Advisors, shares his thoughts on the municipal bond market after Detroit's bankruptcy and New York Mayor Michael Bloomberg's warning about rising debt.
GM cuts the price of the Chevy Volt, Mark Zuckerberg went in public support of the immigration reform, and Chicago's pension crisis deepens; Marcus Lemonis discusses.
Beneath the signs of recovery is one of the most poorly funded pension systems in the nation, threatening to challenge the city’s finances for years to come.
Bob Scott, partner at LCP, tells CNBC that the pension funds aren't about to run out of money.
Detroit's emergency manager has hired Christie's to appraise the art collection of the Detroit Institute of Arts Museum, reports CNBC's Robert Frank.
Republican candidate for New York City major Joe Lhota shares his plans for pensions, and discusses the biggest difference between him and John Catsimatidis.
Many governments have too much debt and "too generous public pensions," said Glenn Hubbard, the Columbia Business School dean who advised Mitt Romney's 2012 presidential campaign.
"I feel like I've been robbed," one retired firefighter in Central Falls, R.I., says of the pension cut he received after the city filed for bankruptcy.
Detroit has $3.5 billion in unfunded pension obligations. State Attorney General Bill Schuette represents both Governor Snyder in the bankruptcy case, as well as the pensioners to protect their benefits, reports CNBC's Scott Cohn.
If the bankruptcy court allows Detroit to cut pensions, other cities and states may also try to take that route, an investment manager to pension plans warns.
Verne Sedlacek, Commonfund president & CEO, discusses the problem of underfunded pensions, and why it will continue to be an issue for the next decade.
Simon Harris, managing director of the EMEA Insurance Team at Moody's, tells CNBC that the demand for life insurance and pensions will be pressured in the near term.