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The legislation would end state-provided health care coverage in retirement but not force teachers into a 401(k)-style retirement plan.

Following in the footsteps of recent votes to curtail public pension programs in both San Diego and San Jose, Calif., Los Angeles' mayor says he too may be interested in taking the issues to voters in the coming year.

Raising retirement ages has become a global strategy for cutting pension costs and helping to guarantee benefits for more workers.

Skyrocketing bond rates hit Italian markets hard, while many Italian workers who accepted pension buyouts now face a future without salary or benefits.

NCPERS study suggests public pension plans are well-funded, enjoying healthy returns on investment and ready to adapt to the future.

Retirement ages around the world will have to be raised and moves made toward more private pension plans, according to the Organization for Economic Cooperation and Development.

The flashy lifestyle of man in charge of South Carolina's public pension plan didn't sit well with the locals, but his investment strategies weren't unique to the state.

A new international retirement survey by AEGON found that most working adults are very pessimistic they will have the funds they need to retire comfortably.