Experts say the best way for cities and states to get out from under crippling pension debt is to close their pension plans to new hires and move employees to lower-cost defined contribution plans.

The company estimated its pension plan would have $1.1 billion in unfunded liabilities at the end of 2013.

The IRS says same-sex couples can file joint tax returns, while the U.S. Department of Health and Human Services says same-sex spouses now have equal access to nursing homes via Medicare.

Generation X those between the age of 30 and 50 is deemed to be the most analytical of any group, with 58 percent rated as advanced or expert and only 6 percent rated non-existent or poor.

Fidelity Investments casts light on how a slight increase in deferral can have a dramatic affect on a workers monthly retirement income.

Deferred income annuities really came into their own in 2012, reaching nearly $1 billion in sales.

More employers are offering retirement plans and a higher percentage of workers are participating.

The Texas Employees Retirement System will increase its alternative investments next year to $2.4 billion.