Strong investment performance has help lower the New York state pemployer contribution rate for 2014-15.

According to the suit, BlackRock kept 40 percent of net revenues including administrative fees, which were not returned to the iShares funds.

Judge Robert Lanik ruled that the participants in the defined benefits plan who filed the suit have standing to collect equitable relief, but not to collect damages.

The sooner the better. Thats the advice from a bipartisan think tank about Social Security and how to keep it solvent.

As many as one in 10 workers would find their savings limited by the cap, even at the current, albeit historically low, discount rate of 4 percent, the EBRI said.

At issue was the pension agencys use of a 3.28 percent interest rate in calculating its obligations.

Nearly a year after the reforms were adopted, heres a look at the four changes that have caused the most rancor and are expected to have the greatest impact in stabilizing matters.

New York Citys public employee pension funds are using their financial muscle to try to force the companies they invest in, including Netflix and Wellpoint, to elect independent board chairmen.