Out of 127 responding federal, state and local government defined contribution plans, the average investment management fee was 0.31 percent.

Real estate investments and rising stock prices help both pension fund post big annual gains.

Streamlining the processing of retirement checks to federal retirees has challenged the OPM for decades.

After so much unfavorable press, it fights back, asserting Americans today have higher levels of resources to draw on in retirement than previous generations.