Retirement

UPS says a charge related to a new method of accounting for pensions and retirement plans will significantly reduce its reported earnings for the fourth-quarter and full year of 2011.

Employees of Pfizer Inc. have filed suit against the company, alleging the world's largest drug maker failed to properly manage its retirement plans and caused losses totaling hundreds of millions over the past decade in one of the hubs of the pharmaceutical industry.

It's the most expensive metropolitan setting in the United States, and the results may be grim for hard-working New Yorkers, more than a third of whom can't afford to retire.

More half of Americans worry about maintaining their standard of living, according to a new poll.

Industry trade groups met with the Department of Labor on Tuesday to clarify the departments request regarding what impact the conflicts of interest faced by brokers who advise IRAs have on IRA investors.

New York City Mayor Michael Bloomberg said Tuesday that with an $8 billion pension bill squeezing the city's finances, state legislators should back the governor and create a new lower pension tier for future municipal and state workers.