Investment Instruments

Some 483,000 American retirement plans must send new disclosures to their 72 million participants by May 31. You can certainly turn that into business.

The noted Gen Y money coach and journalist is part of the RetireSmart interactive participant education series, which reached almost 9,000 users in 2011.

Democrats said lawmakers should be wary of digging the state too big a financial hole, that its obligation to the pension fund will top $2 billion a year by 2016 and $1 billion or so will be needed to fund transportation projects through the Transportation Trust Fund.

Illinois Gov. Pat Quinn, responding to a dire new report on state finances Monday, said more clearly than ever that he wants schools and universities to help pay for their employees' retirement costs.

Once pension and health benefits are factored in, the average federal worker reaps 16 percent more in total compensation than do private sector workers.

A website aimed at drawing attention to thousands of Tulsa-based American Airlines workers whose jobs and pensions could be in jeopardy as the struggling air carrier continues through bankruptcy was launched Monday by the local Transport Workers Union.