Retirement Trends

The increase in New Jerseys debt last year was driven by borrowing for the Transportation Trust Fund, which finances roadwork, and by pension and health benefits.

U.S. stocks erased losses, sending the Standard & Poors 500 Index above its record close, after companies from Macys Inc. to Home Depot Inc. reported higher- than-estimated earnings.

The panel has been convened by the Society of Actuaries to assess the current state of pension plan funding and make recommendations to improve the financial strength of public pension going forward.

The profession is expected to grow 27 percent over the next decade, according to Forbes, compared to an average growth rate of just 11 percent for all occupations tracked by the Bureau of Labor Statistics.

The Massachusetts Securities Division is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker savings.

U.S. Bankruptcy Judge Steven Rhodes today scheduled a June 16 starting date for a trial where Detroit officials will try to convince him that the plan is feasible and the best way to revitalize the city.