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
Meredith Whitney, CEO of Meredith Whitney Advisory, weighs in on Detroit's Chapter 9 bankruptcy.
Detroit's bankruptcy is full steam ahead, reports CNBC's Scott Cohn. Reuters says the Michigan Appeals Court has halted the challenges to Detroit's bankruptcy filing.
Detroit has paid about $20 million in consulting contracts including Kevin Orr's law firm, and labor unions are wondering why the city is too broke to pay its retirees' pensions. CNBC's Scott Cohn digs into the battle, with Don Peebles of The Peebles Corporation.
Pierre Moscovici, French finance minister, discusses possible pension reform in France and stresses that "social dialogue" with the people will be crucial to take the "right" decision.
Pierre Moscovici, French finance minister, discusses the possible reform on pensions in France and highlights that the legal age and effective age of retirement are different.
CNBC's Kelly Evans shares her thoughts on the impact of a low rate environment on retirement benefits.
John Liu, New York City comptroller, discusses the fund's record setting performance and Eliot Spitzer's run for comptroller.
Michel Barnier, European commissioner for internal market and services, highlights the need for the U.S. and E.U. to regulate their financial sectors.
The historically low interest rate environment is taking a toll on pension funds. Janet Cowell, North Caroline State Treasurer, provides perspective. "Bonds are one of the highest risk areas you can have your money these days," she says.
WASHINGTON, July 9- A powerful U.S. senator would like to use life insurance companies to help alleviate the funding crisis that has engulfed many public pensions.
WASHINGTON, June 25- Only cave dwellers have missed the boom in retirement-planning studies: what seems like a daily barrage of industry-funded surveys and white papers pointing to an aging population so woefully unprepared they will have work until they are 90, brown-bagging cat-food lunches when they do.
Moody's is reporting that many state public pensions are actually facing a much larger funding gap than their financial reports say. Meredith Whitney, Meredith Whitney Advisory Group CEO, and Steven Malanga, Manhattan Institute, discuss.
Gavin Pluck, European director of Guardian Wealth Management, tells CNBC why those who work abroad stand to lose the most when the retirement time bomb goes off.
Julia Bonafede, Wilshire Consulting president, weighs in on the staggering percentage of corporate pension plans which are underfunded.
DETROIT, June 20- Detroit Emergency Manager Kevyn Orr is ordering a joint probe into the city's two pension funds to investigate possible fraud, corruption, waste and other malfeasance.
John Stumpf, Wells Fargo chairman & CEO; Gary Stern, former Federal Reserve Bank of Minneapolis president, and Alfred Broaddus, former Richmond Federal Reserve president, provides perspective on how the Fed has dealt with the nation's economic problems and its impact on Capitol Hill.
Rodney Martin, ING U.S. chairman & CEO, explains why the nation needs to redefine retirement and shares his company's plans to re-brand its business for "retirement readiness" planning.
A new report finds that seniors who are African-American, Hispanic, female or 80 and older are more likely to face economic woes than other older Americans.
Aeisha Mastagni, CalSTRS investment officer, shares her views on what Facebook is doing right and where it can improve, as the company comes face-to-face with some unhappy shareholders.
The Japanese government is reviewing the investment strategies of the nation's public pension funds to boost its performance. The Nikkei's Makiko Utsuba has more.