97 days ago
The shift from traditional pensions to 401(k)s is one of the main reasons most seniors aren't able to set aside enough income to guarantee a secure retirement.
112 days ago
Puerto Rico's treasury secretary is proposing what she calls "severe" cost-saving measures designed to help rescue one of the U.S. territory's public pension systems that is on the brink of collapse.
138 days ago
Puerto Rico's public pension problems also have damaged the island's bond ratings, which remain significantly lower than any U.S. state, raising the island's cost of borrowing.
160 days ago
The governor suffered perhaps the worst fallout from this week's lame-duck session, which ended when his surprise plan for an independent pension commission was derided as desperate.
165 days ago
The We Are One Illinois coalition of unions opposes plans that cut benefits that workers have earned and have railed against a perception that state employees retire with fat pensions.
167 days ago
In Pennsylvania, the teachers' pension fund reacted quickly, contacting Cerberus about the Freedom Group even before the equity firm announced it was selling the gun maker.
168 days ago
Anthony Martin, a Chicago police lieutenant and trustee of his public pension fund, said he has seen records going back to 1877 showing the retirement system was underfunded even then.
168 days ago
She ended a decades-old practice of awarding retirees pension increases based on investment earnings, replacing them with cost-of-living increase based on the retiree's age.