Retirement

Michigan lawmakers voted Thursday to end retiree health care coverage for some of their own colleagues and future members of the state Legislature.

For more Americans, being out of work has become a semi-permanent condition.

Nearly 50 percent of California workers will retire in or near poverty, according to a study by the University of California, Berkeleys Center for Labor Research and Education.

Michigan lawmakers continued votes Wednesday to potentially eliminate retiree health care coverage for future and some current members of the state Legislature.

Investors are not optimistic about their ability to build and maintain retirement savings, according to the September Wells Fargo/Gallup Investor and Retirement Optimism Index. Nearly two-thirds of investors65 percentsay they have little or no control at all over their retirement savings.

Stocks edged higher Wednesday after a trade group reported that the U.S. service sector continued to grow in September. Private company hiring also increased.