Retirement Advisor

Legislation aimed at reining in retiree benefit costs for Michigan state workers was approved Thursday by the Republican-led House Appropriations Committee.

Hundreds of Long Island Rail Road employees may have cheated their way to big pensions through a $1 billion fraud by paying off doctors to say they were unable to work, authorities said Thursday as they revealed that some supposedly disabled retirees were spotted regularly playing tennis and golf, shoveling...

Shares of Ameriprise Financial Inc. advanced Thursday after the financial planning company reported revenue growth and a strong cash position in the third quarter.

Fiduciary Plan Governance, LLC, a team of retirement plan specialists and former Department of Labor senior investigators, will host a seminar for plan sponsors and fiduciaries in Waltham, Mass., on Thursday, Nov. 3, 2011.

Nearly half of large companies, with more than 1,000 employees, automatically enroll employees in their retirement plans, and an additional 36 percent are considering implementing this feature, according to Diversifieds Report on Retirement Plans-2011.

Gov. Jerry Brown will propose sweeping rollbacks to public employee pension benefits in California, including raising the retirement age to 67 for new employees who are not public safety workers and requiring state and local employees to pay more toward their retirement and health care, according to a draft of...

A veritable how-to guide of how-tos

If you were told your state might wither away because it took too long to do the math on its retirement system, would you be angry? Would you pack up and move? Or would you try to be fair?