Defined Benefits

The big upside is that the employer and the employees split the investment risk between them so neither side shoulders all of it.

A U.S. senator is pushing his colleagues to change a law that can leave retirees and others on Medicare on the hook for huge hospital bills.

Two aviation companies are set to put hundreds of millions of dollars into their pension funds this year and one said it contributed billions last year.

The model pension plans funded status is a dramatic improvement from its 77 percent funded status at the end of 2012.

Assuming that Social Security benefits are not reduced, EBRI found that between 83 and 86 percent of workers with more than 30 years of eligibility in a voluntary enrollment 401(k) plan should have enough to replace at least 60 percent of the wages they were making at age 64.

The city of Houston is suing the union representing its firefighters in a bid to gain the right to negotiate changes to its pension system.The city, which…