Defined Benefits

New Jersey named Christopher McDonough director of investments, overseeing the 12th-largest public pension in the U.S.

The POA has mounted a concerted effort to reduce staffing in our police department, which has undermined the department and increased the workload on the remaining officers, said Mayor Reed via email to BenefitsPro.

OPM processed some 18,500 applications in January and February, the traditional peak months for new cases, compared to 27,900 during the same period last year.

The bungalow suburb of 37,000 residents asked Michigan for a review of its finances, which are so shaky that it diverted $2.5 million to pensions from a water and sewer account.

Like everyone else who dines at a restaurant in Omaha, Nebraska, Buffett is charged a 2.5 percent tax thats used in part to defray $850 million in unfunded retirement expenses for city workers.

While the rates arent directly followed by most investors, even small movements can affect the value of what Morningstar Inc. estimates is about $3.6 trillion in funds including pension and savings accounts that track global indexes.

Experts point to U.S. census projection, which show that the number of people aged 65 and older will more than double between 2012 and 2060, from 43 million to 92 million.

More than 90 objections were posted on the U.S. Bankruptcy Court website today, each one or two pages long and asking Judge Steven Rhodes to reject Detroits proposed plan of adjustment.