Defined Benefits

How the California Public Employees Retirement System, the largest U.S. pension, is seeking to reduce fees.

If all of these funds were to reduce their return assumptions by a mere half percentage point, as CalPERS is doing, it would likely require employees to offset the difference by billions of dollars a year.

Thanks to the fiduciary rule, lawsuits against it as well as against 401(k) and 403(b) plans, 2016 may go down as the most consequential year for the retirement market on record. What were the most important stories to you?

A case involving the New York State Common Retirement Funds director of fixed income exposes the seamy side of the management of pension money.

Retirement plan sponsors in the nonprofit world may think the DOL fiduciary rule doesn't apply to them, a survey from PSCA suggests -- but this might be an opportunity for advisors and providers to offer help, says Principal's national 403(b) practice leader, Aaron Friedman.

Several senators have said they will hold up passage of the temporary budget measure if the Miners Protection Act of 2016 is not included in the resolution, or allowed a full vote on its own.

The Supreme Court agreed to hear a trio of cases from religious-affiliated, nonprofit health care systems that are seeking exemptions from ERISA for their pension plans.

Do you deal with pension plans? A new brief from Willis Towers Watson details actions defined benefit plan sponsors might consider for 2017.