Defined Benefits

An overhaul that could save the government more than $12 billion a year.

If approved by Congress, the new system would incorporate a 401(k)-type investment account as a significant portion of a service members retirement benefit.

The high court delivers a victory for employers, raising questions about union contracts that promise lifetime health benefits for retirees.

A number of cities are forced to ditch plans to boost patrols and reopen precincts as they spend more on retirement instead.

The Timken Co. of Canton, Ohio, has purchased a group annuity contract to pay future benefits for about 5,000 U.S. salaried retirees.

What if plan sponsors could guarantee participants life-time retirement income without creating more funding liabilities for themselves?