While Im a veteran writer and editor whos covered tech and some financial topics, Im not on top of all the issues and players moving this market. Not yet, anyway.
Morningstar Investment Management last week announced after taking a good, hard look at the price tags we all put on estimating costs in retirement, the numbers were maybe a little, well, over-zealous.
Detroit might very well be only the first domino as the bankruptcy decision gives precedence to other government entities contemplating the same strategy.
The Golden State appears to be emerging as the battleground in which different municipalities will test different strategies as they grapple with pension obligations.
The state of Washington needs to form a public-private partnership that would then set up a defined benefit retirement plan, says the executive director of NCPERS during testimony.