Defined Benefits

The Golden State appears to be emerging as the battleground in which different municipalities will test different strategies as they grapple with pension obligations.

For its fiscal year ended June, Gotham funds paid $472.5 million in fees to private fund managers, $100 million more than the previous year.

Which method an actuary uses to determine a fund's discount rate can make the difference between a pension looking like it's in good shape. Or not.

The PBGC is taking over pension payouts to more than 19,000 who worked and still work at was once one of this country's most famous furniture companies, the now-bankrupt Furniture Brands International.

Fewer jobs, risky financial deals and declining revenues are true causes of the Motor City's fiscal woes, the report says.

Atlanta Fireman and police officers are suing the city over pension reforms.