Missouri becomes the first state to prohibit pension advances to public employees, though other states are beginning to move in a similar direction.

Its American United Life Insurance Co. announced Tuesday the completion of its first pension liability settlement in 20 years.

Pension fund assets represent one-third (33 percent) of the worlds largest alternative portfolios.

Fidelity will oversee the retirement plans of 7,700 employees in Tennecos 401(k) plan and the 11,000 employees in its defined benefit plan.

In announcing his pending departure, Josh Gotbaum is ending a sometimes-tumultuous tenure that included the imposition of higher premiums designed to preserve the pensions of millions of Americans.

The volume of retirement assets moving out of defined contribution plans has gotten the attention of the Department of Labors ERISA Advisory Committee.

Worldwide assets under management are poised to hit $100 trillion by 2018, so long as U.S. markets continue to lead the way, according to Cerullis latest research.

GreatBanc Trust Co. has settled an ERISA claim brought by the Department of Labor for $5.25 million.