Defined Benefits

Cammack Retirement has identified nine hot trends that people on any side of a defined contribution plan should keep their eye on in the coming year and beyond.

Plans to raise $3.3 billion in a POB sale for the beleaguered Kentucky Teachers Retirement System failed to pass through the states legislature this week.

Under existing policy, service members earn a pension for life after serving 20 years in the military. But only 17 percent do so, meaning the vast majority receive no pension whatsoever.

S&P 500 Index companies contributed an average $1.5 million to their CEOs pensions, compared to an average of about $550,000 in 2013.

Treasuries advanced after Federal Reserve Vice Chairman Stanley Fischer that while higher interest rates are warranted this year, economic developments will guide the pace and extent of increases.

American International Group Inc. won court approval of a $970.5 million settlement with investors who accused it of misleading them about risks tied to subprime mortgages.

Groups of investors who have owned at least 3 percent of the banks stock for three years will now be able to propose candidates for the board.

The state's first-term Democratic governor is calling for Pennsylvanias two pension systems to reduce investment-manager fees.