Defined Benefits

Chief Executive Officer Sam Walshs pay compared with the companys average worker is deemed to be disproportionate, PIRC, a U.K. adviser to institutional investors with more than 1.5 trillion pounds ($2.5 trillion) in assets, said today.

There are far more older women than older men, and the Bank of England policy in the post-crisis period had a dramatic negative effect on pensions and annuities, said a former director of the Sage Group.

A cap on raises for New Jersey police and firefighters that mediators award when contract talks break down is set to end today, after lawmakers in the state Assembly didnt concur with Governor Chris Christies changes to an extension bill.

When lower-income workers have access to a pension plan at work, their eligibility and take-up rates are nearly equivalent to higher-income workers.

Governor Chris Christies move to reduce New Jerseys pension payment to help close a mid-year budget gap has Moodys Investors Service concerned that the state is approaching the limit of steps to trim spending.

Chicago Federal Reserve Bank President Charles Evans predicted the federal funds rate would be at 1.25 percent at the end of 2016.