Defined Benefits

Gov. Pat Quinn and Illinois legislators will be meeting over the weekend to try to beat their own 'fiscal cliff,' a looming $96.8 billlion pension deficit.

Corporate Compensation Plans, Inc.'s new coverage provides lump-sum coverage for employees' 401(k) retirement plans in case of a major disability.

Rising equity markets and falling liabilities in December pushed the funded status of the typical U.S. corporate pension plan into positive territory in 2012.

Gov. Christie is unlikely to agree to any tax increases, but foregoing the annual payment into the state pension system is not an option, due to legal requirements.

Hockey players are sticking together as a union for now and are working long and late hours with the NHL to try to reach a new collective bargaining agreement to get the game back on the ice.

Pension funding dropped even further in 2012, despite the efforts of plan sponsors who contributed more to their plans in an attempt to bridge their funding gaps.

The Council of Institutional Investors would like the SEC to more closely regulate the ability of corporate executives to cash in their stocks before releasing bad news to the investing public.

With the deadline ticking down to his state's own version of a fiscal cliff, Illinois Gov. Pat Quinn has said he still feels optimistic pension reform can take place in a timely fashion.