A committee suggests that current and former state workers be allowed to move into a 401(k)-style plan as an optional alternative to fixed-benefit pensions.

The transaction is expected to close in the fourth quarter.

Public employees cranked up pressure on lawmakers Wednesday to address Illinois' worst-in-the-nation pension problem, saying they'd be willing to contribute more money toward their retirements and plan to host a pension summit after the new Legislature is sworn in next month.

Yes, it turns out, California's teacher pension fund had hundreds of millions invested indirectly in gun companies. Those investments have changed overnight.