Defined Benefits

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.

A U.S. bankruptcy judge derailed efforts by California's giant pension fund to get paid before other creditors in the city of San Bernardino's bankruptcy Friday, as creditors lined up to oppose the debt-ridden city's eligibility for Chapter 9 bankruptcy protection.