Defined Benefits

Reformers are trying to bring pension reform to California with a measure requiring local governments to put decisions about government employees' pension benefits in voters' hands.

The pension picture for May was good, though not as great for public defined benefit plans, foundations, and endowments.

The White House announced the nomination W. Thomas Reeder Jr. as director of the Pension Benefit Guaranty Corp. last week.

The fiduciaries of four large pension planstwo states and two citiesjoined together in writing an open letter in their fiduciary capacity that criticized corporations stock buyback activities.

The SEC has charged an investment advisory firm and two of its executives with selling unsuitable investments to pension funds for Atlantas police and firefighters, transit workers and other employees.

The shift from DB plans to DC plans might not help workers secure their retirement, even though coverage by some sort of retirement plan is holding steady. Check out these statistics on worker saving rates, defined benefit plans, and defined contribution plans.