Retirement Advisor

A former public official accused of orchestrating a scam that nearly bankrupted a working-class Los Angeles suburb set up a secret pension fund containing $4.5 million to skirt retirement limits for California public employees, according to a newspaper report Monday.

The gap between the promises states have made for public employees' retirement benefits and the money they have set aside grew to at least $1.26 trillion in fiscal year 2009.

Big contribution increases for North Dakota's teacher pension funds in the next four years have won approval in the state House.

Age may be an asset at work, or no issue at all, according to an AP-LifeGoesStrong.com poll.

A new proposal on how the Pension Benefit Guaranty Corp. premiums are set may affect plan sponsors who offer defined benefit options.

Last week, BenefitsPro ran a story on 401(k) assets: apparently they hit a record high of $3.075 trillion in 2010.

When clients retire or lose jobs, they often feel pressure to make decisions about distributions from their 401(k)s. Tell them to relax.

More than $17 million was distributed recently to 3,274 California senior citizens who purchased National Western annuities as part of a class action fraud law suit.