Retirement Trends

Experts will take into account factors such as gender, place of residence and whether they smoke.

The insurance addresses situations where employees become disabled before their normal retirement age and are no longer able to participate in their companys retirement plan.

Under a proposal announced April 15, Detroits emergency manager, Kevyn Orr, agreed to pay retired city police officers and firefighters their full monthly pensions. Hours later, the pension system for general employees, such as city hall clerks and street workers, said it, too, had settled.

Costs for employee salaries, benefits and pensions will increase by $192 million, or more than 10 percent, the citys top budget official said.

Christie has attacked employee benefits, saying that 50 percent of all new spending in his latest budget goes to pay for pensions, 30 percent pays for debt and 14 percent pays for health benefits.

Faurecia has 4,800 plan participants in its defined contribution plan, with $200 million in assets, and more than 2,000 plan participants in its defined benefit plan, with $45 million in assets.