Defined Benefits

Aggregate funding for state and local pension plans fell during fiscal year 2016, the Center for Retirement Research says.

Junk-rated Chicago steps up payments to put its retirement funds on a path to solvency.

Connecticuts pensions had less than half the assets needed to pay its $63.7 billion of pension promises, according to the most recent audited figures.

Health care costs have contributed to the demise of the guaranteed pension, and less money for retirement plans, as employers' investments in overall benefits packages has shifted.

As part of the new controversial budget deal for Illinois, the state pensions will enroll new hires in hybrid 401(k) plans as the state tries to stem pension hemorrhaging.

Oregons not the first to set up a retirement program for workers who don't have access to a workplace plan, but it is the first to get it into operation.