Defined Benefits

The city will ask a judge to let it send the disclosure statement to creditors to solicit their votes on the debt-reduction plan. The plan calls for cutting public worker pensions and some bond payments.

New York state and localities including Westchester County borrowed a record $1.4 billion to cover retirement contributions this year, showing how even the wealthiest communities are struggling to make the payments.

The limit changes every year based on changes in the national average wage index. For earnings in 2014, the base in $117,000.

With more and more baby boomers retiring each year, either by choice or because they lost their jobs, many couples have to live different lives and face changes in their financial, social and emotional circumstances.

Schawk Inc., which provides digital- imaging services and art production, was sued by Iron Workers Local No. 25 Pension Fund.

Governor Tom Corbett wants the legislature to pass changes that would deal with escalating retirement contributions for the state and school districts as well as Pennsylvanias unfunded pension liability.