Retirement

The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume.

Opponents of Republican Gov. Scott Walker, spurred by anger over his successful push to remove nearly all collective bargaining rights from most public workers, blanketed Wisconsin on Tuesday to launch an unprecedented effort to gather 540,000 signatures and force a recall election.

Employers need to act now to get younger employees interested in saving for retirement via defined-contribution plans, according to a new study by Northern Trust.

The average retirement age is higher than traditional measures suggest, according to a new Economic Policy Institute briefing paper. The myth of early retirement explains why existing measures of average retirement age are misleading and suggests a new, more accurate measure.

A new report by the National Center for Policy Analysis examines the different proposals that have been suggested for fixing Social Security.

Resounding voter support this week for pension reform measures in San Francisco and Modesto offered some reassurance to leaders of other California cities also struggling to deal with ever-tightening budgets partly due to the costs of generous retirement plans for their employees.

Despite numerous stories and hearings on the topic, new fee disclosure regulations in the 401(k) retirement plan system could cause some angst among plan sponsors and plan participants.

With a Thanksgiving deadline fast approaching, the GOP members of a deficit-reduction supercommittee are pressing a plan to cut the deficit by about $1.5 trillion over the coming decade, showing flexibility on tax revenue increases for the first time while proposing to gradually raise the Medicare eligibility age to 67...