Financial literacy is interconnected with the ability to properly plan for retirement, and therein lies the rub, suggests research from the George Washington University School of Business.

Hundreds of active and retired teachers and other school employees crowded into a Senate hearing Wednesday to voice concerns that proposed changes to their retirement benefits would unfairly push more costs onto them and even drive some out of education.

The South Dakota Legislature acted legally when it trimmed the annual cost-of-living increase for retirees in the state's public pension plan during the recent economic crisis, a state judge ruled Wednesday.

Montana Gov. Brian Schweitzer proposed an aggressive public pension fix Tuesday, a plan that comes as he nears the end of his term and one that faces a very uncertain future when it goes to his successor and the Legislature next year for potential implementation.