Defined Benefits

President Barack Obama's 2014 budget includes a key change in the way the government measures inflation. If adopted, the chained Consumer Price Index would have far-reaching effects.

Companies considering a cash-out of their pension plans should not only define the goals and objectives of the program, but also think about any potential pitfalls that could arise and interfere with the success of the program.

Verizon Communications Inc. management retirees can move ahead with a class-action lawsuit stemming from the companys decision to sell its pension liabilities to Prudential Insurance Co. of America.

President Barack Obama is expected to release his 2014 budget proposal on Wednesday, including $35 billion in cuts to federal retirement programs.

Sharp gains in investment earnings have put the South Dakota Retirement System in even better shape to pay the retirement benefits of thousands of state, county, city and school employees, officials said Thursday.

A strong equity market, a slight increase in interest rates and increased company contributions boosted the solvency of Canadian defined benefit pension plans during the first quarter of 2013.