Defined Contribution

Experts say the best way for cities and states to get out from under crippling pension debt is to close their pension plans to new hires and move employees to lower-cost defined contribution plans. But there are additional ways to fix the problem.

The SPARK Institute says it supports the concept of voluntary lifetime income illustrations being provided to retirement plan participants, but disagrees with forcing companies to offer this information in just one way.

A list of reforms to help fix the public pension crisis in America today.

Defined benefit pension plans have outperformed defined contribution plans in many years since the mid-1990s, according to a study by Towers Watson.

A bill ready for the governor's signature could pave the way for a state-based retirement savings plan for private-sector workers based on the automatic IRA.

Nearly a quarter of small-business owners now offer retirement savings plans for their employees.