Defined Benefits

Nebraska lawmakers on Tuesday overrode Gov. Dave Heineman's veto of a public-employee retirement bill, holding in place a deal that was struck to shore up the retirement plans of teachers, judges and state patrol troopers.

New rules put into effect under PPACA can impact retirement income planning in ways your clients might not yet realize, by increasing their Medicare premiums proportionally as income increases.

The low-interest-rate environment has an extremely large impact on failure rates when it comes to meeting retirement goals, says EBRI.

Heineman said the additional funding was unsustainable, but would sign a short-term fix if lawmakers passed it as a standalone measure.

The New York pension fund for state and local government workers has topped $160 billion after reporting a 10.4 percent return on investment for its last fiscal year.

In a reversal of a prior decision, the PBGC has agreed to pay pension benefits to 800 former hospital employees in New Jersey.

Modernization efforts at the Office of Personnel Management have been scrapped in favor of smaller-scale improvements.

The state Senate committee says it offers the best chance at surviving an inevitable court challenge and getting out of its nearly $100 billion mess.