Defined Benefits

Nearly four in 10 analysts dont think the municipal bond market, and ultimately the credit quality of local governments, has fully recovered from the last recession.

The DC plan is evolving globally, as companies increasingly move toward a hybrid that includes some elements of DB plans.

Corporate pension funding status is down 4.9 percent from where it was last year at this time and down 0.1 percent from the start of 2015.

Contributions also were down $4.4 billion last year, probably thanks to the federal highway bill, which allowed pension sponsors to delay making their mandatory payments.

The idea is to save taxpayers even more time and money, including reducing the need for plan administrators to contact PBGC.

A commission recommends changing the militarys 20-year pension system by cutting payouts and introducing a 401(k)-type option.