The controversial law, which was passed after months of negotiations, increases employee contributions from 9 percent of salary to 10 percent and sets the retirement age for new hires at 62.
Unions representing police officers, firefighters and other city workers challenged the pension changes, which called for city workers to contribute 16 percent more to their pension plans.
Nearly two-thirds of Americans (63 percent) whom Gallup defines as engaged at work told the polling firm theyd stay in their current jobs if they won a $10 million prize.
A study, which analyzed a database of 688 pension plans said the rise in interest rates since the start of 2013 gives plan sponsors a break from years of low rates
With many expecting tax rates to rise over the next several years, using Roth IRAs, brokerage accounts and other post-tax vehicles for a portion of retirement savings is a good strategy.