Defined Benefits

The average alternatives allocation for the top performers was 29 percent, compared to 25 percent among all public pensions.

With too little saved for retirement, many Americans may be surprised to find themselves in less-than-conventional living arrangements.

Stuck financially between a rock and a hard place, many fear the approach of retirement. Either they lack the money to leave the workplace or know that, if they leave, the money will run out and theyll be back.

Its too bad that the interests of future pensioners -- and the city's -- are so different.

The reason? That hefty tumble in stocks on the last day of the month.

The Senate for a time threatened to scrub the pension-smoothing provision in the House version of the legislation. But it ultimately opted to allow the provisions inclusion.