Retirement Trends

The movement of funds from employer-sponsored defined benefits plans is a natural result of aging baby boomers looking for ways to generate income needed as they live out their retirement years.

The share of consumers expecting the economy to worsen fell in February to an almost two-year low as Americans looked beyond harsh winter weather.

Jacksonville, rated the second level of investment grade by Moodys Investors Service, wants JEA, which provides water and electricity to the states most populous city, to contribute $40 million annually to help avoid a downgrade.

The investments reached $11 billion over 180 portfolios compared to $5 billion in 2012.

A study shows the small plan average investment expense went from 1.37 percent to 1.35 percent, while the large plan average investment expense bumped up from 1 percent to 1.01 percent.

State Treasurer Janet Cowell, who is one of the few public pension administrators empowered to act as sole fiduciary, reported that the fund ended last year with $86 billion in assets, a rise of $8 billion for the year.