Defined Benefits

Pension experts, an asset manager, and a national clearinghouse for state governments fielded questions Wednesday from a legislative panel scrutinizing Pennsylvania Gov. Tom Corbett's pension-overhaul plan, providing an abundance of information but no clear direction on how to proceed barely a month before the Legislature is expected to take its...

The estimated buyout cost for retirees in a work pension plan was 109 percent of the accounting liability in April, according to the Mercer US Pension Buyout Index.

Legislation would provide relief to nonprofit organizations like Girl Scouts of the USA, which now have higher pension funding rules than taxable, for-profit companies.

Louisiana lawmakers have delayed the start date of Gov. Bobby Jindal's signature retirement achievement from last year, a law that would shift future rank-and-file state workers to a 401(k)-style retirement plan.

Defined benefit pension plans outperformed 401(k) plans by a wide margin in 2011.

Organizers of an annual conference for people who manage more than $3 trillion in public sector pension funds say administrators are skipping this year's meeting in Hawaii to avoid the perception they're wasting money by heading to the island paradise.