Legal

Montana Gov. Brian Schweitzer proposed an aggressive public pension fix Tuesday, a plan that comes as he nears the end of his term and one that faces a very uncertain future when it goes to his successor and the Legislature next year for potential implementation.

The unfunded liability for California's teacher pension fund has risen to $64.5 billion, an amount that is $8.5 billion higher than a year ago but not as bad as forecasts had anticipated, fund officials said Tuesday.

With 408(b)(2) disclosures for plan sponsors looming just on the horizon, here's a checklist of five ways to properly communicate, explain fees and meet participant deadlines.

More than 30,000 government workers will go without pay raises and some 200,000 retirees won't get cost-of-living increases in their monthly pension checks.

As a possible metric of an improving economy, the Urban Institute announced Monday that fewer workers aged 62 and older applied for Social Security retirement benefits in 2011.

National Retirement Planning Week kicks off with a renewed focus on maximizing Social Security benefits as part of an improved retirement vision for Boomers.

A new report by consultants Oliver Wyman paints a dire picture of the impact of the fiduciary standard on advisors selling products to IRA holders.

Fiduciary duty should extend to all broker-dealers if they offer investemtn advice about securities to retail customers, an industry group told the SEC.