Skyrocketing bond rates hit Italian markets hard, while many Italian workers who accepted pension buyouts now face a future without salary or benefits.

The flashy lifestyle of man in charge of South Carolina's public pension plan didn't sit well with the locals, but his investment strategies weren't unique to the state.

A new international retirement survey by AEGON found that most working adults are very pessimistic they will have the funds they need to retire comfortably.

Proposals cutting retirement benefits for government workers have emboldened advocates seeking to curb state and city pensions across the nation.