CNBC's Rick Santelli and Bradley Belt, former Pension Benefit Guaranty Corp. CEO, discuss the federal pension insurance system and risk to tax payers.» Read More
A coalition of 200 businesses and trade groups—including some of the biggest companies in the world—is asking Congress for relief from a two-year-old federal law requiring them to more fully fund their pension plans.
As Democrats celebrate winning the White House and gains in Congress, the victory is rippling through the $11 trillion mutual fund industry in anticipation of reforms to retirement plans that could hurt earnings.
How to know if pension plan guarantees are worth the paper their written on.
If I need the money, should I dip into my pension now or wait until it matures?
China's national pension fund will not make significant changes to its investment portfolio despite suffering big losses in equities, the fund's chairman, Dai Xianglong said in comments published on Monday.
As cities and states struggle with ballooning retirement costs, accounting rule makers started an ambitious project Thursday to force state and local governments to issue better numbers and reveal the true cost of their pension promises.
If the nation's largest public pension fund, which prides itself on being savvy, takes a beating in real estate, well, then, who didn't? CalPERS is reaping the bad seed sown in certain deals over the last few years.
Public pension actuaries use old methods that have fallen far out of sync with the economic mainstream, The New York Times reports.
The chief executive officer of the California Public Employees' Retirement System (Calpers), the biggest U.S. pension fund, said on Monday he would retire, days after its chief investment officer said he would step down.
South Korea's National Pension Service, the world's fifth-biggest pension fund, said on Thursday it was shying away from U.S. Treasurys because of falling yields and the weakening dollar.
Insurer Standard Life posted a forecast-beating 43 percent rise in 2007 operating profit on Wednesday, despite a 249 million pound ($501 million) charge as UK customers continue to cash in policies early.
Warren Buffett's just-released annual letter to shareholders features a blistering attack on what he calls the "fanciful figures" of Corporate America's accounting, especially when it comes to assumptions about pension fund returns. He says those assumptions are far too optimistic, designed to boost short-term earnings at the expense of future retirees.
A new report finds the recent fall in commercial real estate values is beginning to affect the bottom lines of the nation’s big pension funds. The value of U.S. commercial real estate owned by big pension funds fell five percent in the fourth quarter of 2007, twice the drop of the third quarter, according to an index from the MIT Center for Real Estate.
Silver Lake, the largest technology-focused private equity firm, has reached a deal to sell a 9.9 percent stake to the California Public Employees’ Retirement System for about $275 million, according to people briefed on the deal.
European Union regulators said Thursday they will investigate whether British telecoms company BT Group is getting unfair financial help from the British government because its state guarantee exempts it from normal company pension rules.
The California Public Employees Retirement System (Calpers) is considering altering its fee structure to reward external investment managers only if they outperform certain indexes, the Wall Street Journal reported on Monday.
The bankrupt Melville-based American Home Mortgage is attempting to seize as much as $27 million that employees set aside from their paychecks as retirement savings.
In the wake of last week's market swoon, the manager of the largest pension fund in the United States believes global liquidity could start to decrease in earnest, which would actually be a good thing for long-term minded investors.
The Pension Benefit Guaranty Corporation, the federal agency that insures private defined-benefit pension plans, is taking over payments for nearly 3,000 workers and retirees of Tom's Foods.
Delphi said in a regulatory filing Friday that it contributed about $48 million to its U.S. pension plans. The amount represents the part of the pension contribution related to services rendered by Delphi employees in the second quarter of 2007, the auto supplier said in a filing with the U.S. Securities and Exchange Commission.