Defined Benefits

The Trump budget requests $9.4 billion for Labor, down from its $12 billion budget for 2017, and federal retirement is affected as well.

A fair number of employers say they plan to use their tax cut savings to enhance employee compensation and benefits, while stock analysts believe the majority will be used for stock buybacks and shareholder dividends.

Pension obligations are a worry as pressure on municipalities and states could intensify in a downturn when local tax revenues decline, says PGIM CEO David Hunt.

NFL players still havent made it to the end zone when it comes to pension funding.

Thanks to the tax bill, several large defined benefit plan sponsors have announced increased voluntary contributions: FedEx, Lockheed Martin, Pfizer, and Harris Corp. are among them.

Illinois owes $129 billion to its five retirement systems after years of failing to make adequate annual contributions -- but the states constitution bans any reduction in worker retirement benefits.