Defined Benefits

Create a tax plan, an income plan and an investment plan. Otherwise all your money is slipping through your fingers.

New York City Comptroller Scott Stringer said the citys $148 billion pension funds withdrew shareholder requests that Jarden Corp. and Microchip Technology Inc. diversify after they appointed women to their boards.

The nations fifth-most-populous state, is digging out of a hole created by years of pension underfunding.

Orange County, Californias $11.5 billion pension is putting together a fund open to smaller retirement plans to give them access to private-equity investments at a lower cost.

Employers face a 52 percent increase in the regulatory cost of administering pension plans by 2016 as well as a whopping $150 billion increase in liabilities to retirees with longer life spans.

Detroit will ask the judge to let it seek votes on a debt - reduction plan filed last month by emergency manager Kevyn Orr. That plan would reduce pensions to police officers, firefighters and other city employees.