Defined Benefits

Pension plan sponsors affected by Hurricane Harvey get a break on deadlines and other administrative actions, and retirees can still be paid, the Pension Benefit Guaranty Corp announced.

The five potential changes to federal retirement in the CBO report are made up of three options changing federal employee pension plans and two that would replace it altogether with larger contributions to the Thrift Savings Plan.

You dont drive to work with the power of a real horse, so why should your retirement rely on a 19th century retirement vehicle?

Eighty percent of sponsors in its survey have pension funding levels below 90 percent, LIMRA says.

Because of changes in actuarial math, Minnesota's pension system was transformed from one of the best funded state systems in 2016 to the seventh worst.

If pensions plans are caught wrong-footed -- like they were in busts earlier this century -- it can quickly spell higher costs for employers.