Defined Benefits

The Council of Institutional Investors would like the SEC to more closely regulate the ability of corporate executives to cash in their stocks before releasing bad news to the investing public.

With the deadline ticking down to his state's own version of a fiscal cliff, Illinois Gov. Pat Quinn has said he still feels optimistic pension reform can take place in a timely fashion.

Puerto Rico's public retirement system, funded at just 6.8 percent of its obligations, may be propped up through taxable pension bonds.

Costs for DC plans now total 60 cents per employee per hour, versus 43 cents per employee per hour in DB plans, with unionized workers' costs seven times more than non-union workers.

The Garden State's popular governor made unpopular retirement plan cuts in 2011, though critics say the reforms need to be even more intense.

Jeffrey H. Snyder will manage a team assisting clients with retirement plan fiduciary risk management.

A committee suggests that current and former state workers be allowed to move into a 401(k)-style plan as an optional alternative to fixed-benefit pensions.

The sponsors of a new proposal to fix Illinois' pension crisis say the plan would save the state $2 billion and reduce its unfunded liability by $30 billion next year figures they hope will improve the plan's chances at the state capital.