Defined Benefits

Public pension funds in Canada have faced vast unfunded liabilities and an aging work force, much like those in the U.S.

Strong investment performance has help lower the New York state pemployer contribution rate for 2014-15.

The company estimated its pension plan would have $1.1 billion in unfunded liabilities at the end of 2013.

Detroit has become a muni bond testing ground since it filed for Chapter 9 bankruptcy protection on July 18.

Because the plan is significantly underfunded, the decision jeopardizes the retirement security of everyone in the plan.

New York state Comptroller Thomas DiNapoli has unexpectedly lowered the employer contributions to the pension system made by governments, school districts and their taxpayers, which have all been slammed by years of pension cost increases.