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One of the nation's top credit rating agencies said it expects more municipal bankruptcies and defaults in California, the nation's largest issuer of municipal bonds.

The program's benefits could be preserved for generations to come with modest but politically difficult changes to benefits or taxes, or a combination of both.

Ryan's proposal to allow workers to shift a third of their Social Security taxes into retirement-oriented accounts has Democrats worried.

Like fee disclosures, some feel that governments should be required to legally disclose the extent of the funding gap in their flailing pension plans.

An organization representing Louisiana's retired state employees on Thursday challenged Gov. Bobby Jindal's new pension plan for future rank-and-file state workers.

Newly hired Michigan public school employees would pay more for their pensions and no longer receive state-provided health coverage in retirement under legislation approved Wednesday and headed to Republican Gov. Rick Snyder's desk.

Illinois Gov. Pat Quinn insists lawmakers can fix the state's most urgent financial problem by passing a major pension overhaul in a single day, but he seems to be the only leader convinced it can be done so quickly.

The Investment Advisers Oversight Act of 2012 could see some serious changes ahead for the industry - but will more scrutiny be in the best interest of the public?