Defined Benefits

For starters, the IRS would like to know how a plan determines it is in critical and declining status.

While pension obligation bonds can deliver budget relief to cash-strapped states, they are fraught with risk.

Towers Watson institutional investment clients allocated more than $8 billion to smart beta in 2014.

For the first time, New Jerseys non-bond obligations have exceed its issued debt.

Its a win for hedge fund proponents, sort of. Last year, some of the funds staffers were pitching a much bigger allocation.

The comeback of pension obligation bonds comes at a time when governments are desperate for ways to address projected public pension deficits of $1.3 trillion.