Defined Benefits

The municipal bankruptcy of Vallejo, Calif., might be viewed as a cautionary tale for other cities that fail to get a handle on their pension costs.

The latest evidence of the march to alternatives comes from Cerulli Associates, which expects that alternative mutual funds will comprise close to 14 percent of all mutual fund assets in the next 10 years.

A companys detailed paper trail saved it from a lawsuit and subsequent appeal by former union employees who felt they were denied promised retirement benefits, a court has ruled.

Common wisdom might suggest otherwise, but a properly managed defined contribution plans can be as cost-effective as defined benefit pension plans, according to a study by the TIAA-CREF Institute.

If Congress fails to raise the debt limit, the 401(k) accounts of U.S. workers could fall by as much as 20 percent because of tumult in financial markets, according to a study by the American Society of Pension Professionals and Actuaries.

Older higher education faculty are confident they will have enough money to retire comfortably, but they haven't figured out how to turn their savings into income in retirement.