What will replace the crumbling structure of DB plans, to give todays 25-year-old worker a sense of retirement security?

Blame drooping international and emerging markets equities, at least in part.

The Kansas Public Employees Retirement System had a funding ratio of 56.4 percent in 2013, placing it among the worst in the country.

Opponents were already weighing their legal options in response to this weeks passage by Congress of the amendment allowing troubled, multiemployer pension plans to cut retiree benefits.