Defined Benefits

The Pension Benefit Guarantee Corp. will pay out retirement benefits for more than 650 current and future retirees of Allied Systems Holdings Inc.

Moodys has changed its outlook to negative on the general obligation bonds of Huntington, N.Y., because of the towns practice of deferring one-third of its annual pension obligations.

A study by the Tinbergen Institute at VU University Amsterdam found that retiring early reduced a mans risk of dying within five years by 42.3 percent.

The agency is considering a missing participants program for terminating individual account plans, which represent the majority of non-covered plans.

Lawmakers have been trying for two years to try to fix the pension system, which faces an unfunded liability of $100 billion.

The good news? It had a banner year last year, with almost a 13 percent return on investments for 2012.