Retirement Trends

Collections to the general revenue fund, the state's main operating account, are dwindling as a result of legislation over recent years to divert money directly to pay for things like transportation, education, pensions, and various tax credits and incentives.

Investors around the world were largely unfazed Thursday by the surprise decision by the U.S. Federal Reserve to reduce its monetary stimulus.

Stocks surged Wednesday, lifting the Dow Jones industrial average nearly 300 points, after the Fed decided it was time to start modestly scaling back its program to boost America's growth and stock market.

The effect of the premium hikes could increase the carrying costs of unfunded pension liabilities by more than 3 percent.

Higher pay and outsize stock market gains are flowing mainly to affluent Americans. Yet these households spend less of their money than do low- and middle-income consumers who make up most of the population but whose pay is barely rising.

Larger plans lead the continued transformation of defined contribution plans, but the survey did find that changes are taking place at a modest rate among smaller ones.