Defined Benefits

The New York City pension fund for public employees is concerned about the recent decision by Mylan executives to raise the price of the Epi-Pen.

The recent dismissal of a lawsuit against fiduciaries of Chevron Corp.s 401(k) plan raises the question of whether the decision will be a forerunner for the barrage of similar litigation pending across the country.

The recommendation by actuaries in a research paper that public pensions apply a risk-free rate to assess liabilities has massive political implications. The paper will be published Sept. 5.

Because of its work to shore up pensions, the city of Chicago's credit outlook was raised to stable.

Workers with access to defined benefit plans are more confident about retirement than workers with access to defined contribution plans.

The California Public Employees Retirement System, the largest U.S. public pension fund, dimmed its outlook.