Defined Benefits

This week, the U.S. House of Representatives passed the Tax Increase Prevention Act of 2014, which extends more than 50 business and individual tax breaks scheduled to expire.

A proposal that could lead to cuts in pension benefits for retirees in financially troubled multiemployer plans drew fire from worker advocates and unions.

DB pensions remain highly economically efficient, or so says the National Institute on Retirement Security.

The funded status of U.S. corporate pensions climbed in November to 89.9 percent.

The largest U.S. public pension paid $9 million in bonuses last fiscal year, up 14 percent from a year earlier.

How could its deficit projections change so dramatically for the worse in such a short time, in a year that saw continued recovery in the economy and ongoing gains in equity markets?