Retirement Trends

CalPERS board says it's now seeking a risky, lower yielding portfolio and wants to keep the discount rate at 7.5 percent or higher.

Companies operating at a loss will be able to end or reduce non-elective contributions made to Safe Harbor 401(k) plans midyear.

Colleges and other high-ed institutions are reducing costs by increasingly using single plan providers.

Most companies, Fortune 100 companies included, have attempted to lower their retirement costs over the past decade. The most popular way has been to close pension plans to new hires and begin offering defined contribution plans instead.

Stocks rose from the opening bell, lifting the Dow Jones industrial average above 16,000 for the first time and the Standard & Poor's 500 index past 1,800, two big markers in a historic bull market. But by the end of day, both indexes had fallen below those levels.

Canadian teacher pension plan make sweet decision to invest in biscuit company.