Retirement Trends

What lies ahead after this historic year?

Trading was quiet with many investors out on vacation.

Even with major pension system changes in in 2011 and 2012, the gap between anticipated revenues and commitments to employees through 2033 approaches $10.3 billion 11 percent larger than projected a year ago.

There is a missed opportunity for both the participant and plan sponsor that potentially yields a lower return on the employers investment, says a report.

Unions representing police officers, firefighters and other city workers challenged the pension changes, which called for city workers to contribute 16 percent more to their pension plans.

Fully 61 percent of 401(k) assets was invested in equity securities through equity funds, the equity portion of balanced funds and company stock.