Defined Benefits

The latest reports from BNY Mellon Asset Management show that the funded status of the typical U.S. corporate pension plan fell in May, the first fall in right months.

S&P 500 defined pensions remain underfunded by $245 billion, despite slight growth in 2010.

New Hawaii government employees will work more years, contribute higher amounts toward their pensions and get paid less after retirement, according to sweeping proposed changes to the state's underfunded pension system.

Proposals requiring Florida state workers to contribute part of their income to their pensions are raising concerns over the effect it may have on lower-income workers.

Two Detroit pension boards have filed a federal lawsuit over Michigan Gov. Rick Snyder’s new law that gives emergency managers control over employee pensions.

Hundreds of elected county officials throughout Illinois enjoy far more generous pension plan benefits than those offered to other government workers, according to a published report.