Two dozen city and county governments in California face a combined $135.7 billion in unfunded pension liabilities, according to a study released Tuesday also found the problem is growing.

Medco Health Solutions Inc. reported a 12 percent jump in fourth-quarter earnings Tuesday, but the first question analysts had for company executives on a conference call concerned the pending acquisition by Express Scripts Inc.

Cannon Financial Institute and the International Foundation for Retirement Education agreed to work together to deliver professional development and performance improvement tools.