Retirement

The Milliman 100 Pension Funding Index, which tracks 100 of the nations largest defined benefit pension plans, released a report showing that these plans experienced a $42 billion improvement in funded status in October. The improvement came on the heels of the second-worst financial quarter on record, in which the...

Pension plans sponsored by S&P 1500 companies saw a $41 billion drop in their pension deficits in October, according to Mercer.

Things are looking bleak for both employers and their employees. Now more than ever, communication is critical. At the same time that benefits managers face changes within their companies, they also face challenges in keeping employee morale and productivity from dropping. In times like these, employers must address employees financial...

Seniors who have been a victim of fraud will soon have a way to report it. A national hotline will take calls about general finance, medical and financial abuse questions from 9 a.m. to 6 p.m. EST on Nov. 10.

The funded status for the typical U.S. corporate pension plan rose to 74.8 percent in October because of strong asset returns and no change in liabilities, according to a report by BNY Mellon Asset Management.

A typical state retiree will lose about half their cost of living adjustment next year, or about $186 for the year, under a plan the South Carolina financial oversight board adopted on Thursday.

The number of young adults, aged 25 to 34, living in their parents home increased between 2005 and 2011, according to the U.S. Census Bureau.

The head of the nation's largest public employee union plans to step down, setting up a heated contest to guide a political powerhouse that has been among the biggest spenders in Democratic campaigns.