Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.» Read More
As the economy continues to struggle, the public is growing increasingly concerned about losing jobs, not having enough money to pay the bills and seeing their retirement accounts shrink, according to an Associated Press-GfK poll.
Pension under-funding is becoming the latest problem for corporations. In the last couple days, Hershey, U.S. Steel, Delta, and Canadian Pacific have noted that their company pensions were underfunded.
Despite its overall troubles, General Motors appears to have enough money in its pension fund to last a decade or more, the New York Times reports.
Stung by outsize investment losses, some of the nation’s biggest companies are pushing Congress to roll back rules requiring them to put more money into their pension funds, just two years after President Bush signed a law meant to strengthen the pension system.
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.