Public workers' pension funds are suing New Jersey for billions in damages, claiming the state contributed less than planned.» Read More
Parents who borrow money to pay for their children's college education are exacerbating a growing student loan crisis.
The financial crisis may have triggered yet another ripple – one that has gone somewhat unnoticed by investors.
Companies in the S&P will face a 36% pension shortfall this year. John Ehrhardt Milliman, Fastline, explains.
The "millenials" are perhaps the first generation to be actively thinking about planning for retirement in their 20s. Not expecting social security or traditional pensions, they're putting all their faith in 401(k)s and say they want help managing them.
With the Federal Reserve promising low rates at least through 2014, many retirees and conservative investors are naturally concerned. Here are four ways to plan accordingly.
"We are a big supporter and believer of private equity," says James Leech, Ontario Teachers' Pension Plan president/CEO. Leech says private equity has produced good results for pension plans and in the last 20 years his pension plan has produced over 20 percent in yields.
International Living just released its Retirement Index for 2012, which determines foreign destinations offering retirees a high standard of living at a low price. CNBC.com highlights 10 of them.
Shell is to close the FTSE 100’s last remaining final salary pension scheme to new hires in Britain, ending an era in which private sector workers could be confident of a guaranteed income throughout their retirements, the FT reports.
The new "new normal" is a "paranormal" market — and this paranormal market could wind up haunting pension funds.
From a moderate surplus at the end of 2007, pension plan assets at S&P 500 companies now cover only about 74 per cent of estimated liabilities, calculates Credit Suisse, a deficit of roughly $450bn.
While politics on the national scene are a continual show of gridlock, politics, and fingerpointing as the economy struggles, the state of Rhode Island managed to cut its pension liabilities and save taxpayers $4 billion. How did it do it? By putting aside politics and focusing on the math, state General Treasurer Gina Raimondo told CNBC Wednesday.
It is the governance of public pension plans that needs to be restructured to assure that pension funds are being appropriately invested and protected.
Rhode Island is trying to boost its finances and fend off downgrades as it passes a broad reform of its pension system, with Gina Raimondo, Rhode Island general treasurer. The way to solve fiscal problems is to leave politics aside, she says.
Retired police and firefighters have agreed to pension cuts in Central Falls Rhode Island's municipal bankruptcy. It is the first municipality to shed pension obligations in the bankruptcy process,the New York Times reports.
The city's hourly wage for its lowest-paid workers will hit $10.24, more than $2 above the California minimum wage and nearly $3 more than the working wage set by the federal government.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.
CNBC's Sharon Epperson's "New Retirement" segment shows workers how to track all the retirement funds they have coming to them.
The change partly reflects demographics but also government cost-cutting that has resulted in less generous pay and benefits, the New York Times reports.
UK inflation, currently at 5 percent, is hitting those aged between 45 and 65 known as the baby boomer generation hardest, a new report has found.
CNBC's Sharon Epperson explores the art of investing in art.