Defined Benefits

The city is seeking court approval to eliminate more than $7 billion of its $18 billion in obligations to retired city workers, bondholders and other creditors.

Each of these public pensions has an above-average alternative asset allocation. At least in 9 cases out of 10.

BenefitsPro.com introduces a new way to stay on top of the latest industry news and information with its Community Leaderboard.

Bradley Belt says the agency needs to rid itself of its "irrational" approach to setting premiums, among other steps.

John Arnold, a Houston Democrat, has inserted his foundation into political fights over how to deal with the rising cost of state and local government pensions.

The bank's settlement, which includes $9.65 billion in cash and $7 billion in consumer relief, resolves civil investigations by government prosecutors.