A 15.5 percent return in fiscal 2014 wasnt enough to bolster the Kentucky Employees Retirement System.

A Government Accountability Office report found that billions in savings from forced transfers out of 401(k) plans are defaulted into costly, unproductive IRAs, most of which generate more in fees than returns.

Supreme Court decisions, crackdowns by the Department of Labor and a shift in the political balance of power were among the big stories on the retirement front. And 2015 promises even more.