Defined Benefits

Heineman said the additional funding was unsustainable, but would sign a short-term fix if lawmakers passed it as a standalone measure.

The New York pension fund for state and local government workers has topped $160 billion after reporting a 10.4 percent return on investment for its last fiscal year.

In a reversal of a prior decision, the PBGC has agreed to pay pension benefits to 800 former hospital employees in New Jersey.

Modernization efforts at the Office of Personnel Management have been scrapped in favor of smaller-scale improvements.

The state Senate committee says it offers the best chance at surviving an inevitable court challenge and getting out of its nearly $100 billion mess.

How much retirement income can I realistically count on from my pension? is a relatively new question in the financial lexicon. Advisors are just starting to address it.