Retirement Trends

Stocks fluctuated, after the Standard & Poors 500 Index rebounded from its worst drop since June, as a private report showing companies added fewer jobs than forecast offset acceleration in service industries.

The complaint alleges that S&P used guesses and magic numbers to inflate ratings of mortgage-backed securities purchased by the California Public Employees Retirement System and the states teacher pension fund.

Defined benefit plan assets increased 8.11 percent to $5.67 trillion and defined contribution assets jumped nearly 17 percent to $2.68 trillion.

An analysis of older unemployed Americans found those with access to Social Security or pension benefits were more likely to stop searching for a job than those who dont.

As CEO of the division, Boyle will oversee life insurance, long-term care and the annuities business.

States need to regularly check on pension obligations and liabilities and other long-term expenses to ensure funding obligations are met, said a report.