Retirement

Democrats said lawmakers should be wary of digging the state too big a financial hole, that its obligation to the pension fund will top $2 billion a year by 2016 and $1 billion or so will be needed to fund transportation projects through the Transportation Trust Fund.

Illinois Gov. Pat Quinn, responding to a dire new report on state finances Monday, said more clearly than ever that he wants schools and universities to help pay for their employees' retirement costs.

A new study from Northwestern Mutual reveals long-term care is more expensive than ever, just as we're living longer than ever.

A website aimed at drawing attention to thousands of Tulsa-based American Airlines workers whose jobs and pensions could be in jeopardy as the struggling air carrier continues through bankruptcy was launched Monday by the local Transport Workers Union.

Secretary of Labor Hilda Solis issued a statement today regarding the Bureau of Labor Statistics report on union members in 2011.

A new study by Towers Watson examined 13 major pension markets, totaling $27.5 trillion and accounting for 72.3 percent of the GDP of these markets. This represented a 3.9 percent increase compared to the year-end 2010 value.