Defined Benefits

Almost 60 percent of financial executives believe their pension plan poses either a moderate or substantial risk to their organization.

The $46.6 billion pension fund for New York City schoolteachers has sold its stock in companies that make guns and ammunition, city officials announced Friday.

The South Dakota Retirement System's assets have grown to an all-time high after earning 12.4 percent on investments through the first seven months of the financial year, an official said Monday.

The funded status of the 100 largest corporate defined benefit pension plans improved by $106 billion in January.

The funded status of the typical U.S. corporate pension plan jumped to 81.2 percent in January, its highest level since March 2012.

The accounting deficit of defined benefit pension schemes in the United Kingdom increased in January.

A proposal to end guaranteed pensions for new teachers, state and county workers and other public employees began moving through the Florida Legislature on Thursday.

A bill scheduled for consideration today in the Government Operations Subcommittee of the Florida House of Representatives would weaken a healthy retirement system, raise taxpayer costs and force more Floridians to rely on social services, according to opponents.