Defined Benefits

The Mercer US Pension Buyout Index for March showed retiree buyout costs accounted for 110 percent of the accounting liability.

The U.S. could learn a few things about retirement savings from Australia.

The California Public Employees Retirement System (CalPERS) Pension & Health Benefits Committee approved new actuarial policies this week aimed at returning the system to fully funded status within 30 years.

After getting bludgeoned in the financial crisis, Morgan Stanley is staking its future on the steadier, if less spectacular, business of wealth management.

Speculation about the solvency of Social Security has become a national pastime of sorts, but whether that day arrives or not, workers still need to understand there are ways to maximize their Social Security benefits.

A potential $140 million surplus in state reimbursements for Pennsylvania's school district pension costs should be plowed back into the pension system to help cover the mushrooming taxpayer share of the costs, Democratic leaders in the Pennsylvania Senate said Monday.