Search Results

Shareholder groups, including the nation's two largest public pension funds, and key proxy adviser firms have called for the removal of several board members, including CEO Mike Duke and former CEO Lee Scott.

As states battle against budgetary problems, the unsustainability of current pension plans has become a major point of contention. We examine three hot spots.

Both the House and Senate agreed to create a new pension plan for future rank-and-file state workers, a victory for Gov. Bobby Jindal's reform efforts.

California's Senate on Wednesday passed a bill that would create a guaranteed, government-run retirement savings program catering to private-sector workers of modest means.

A judge has ruled that New Jersey can withhold cost-of-living adjustments for retired public employees who collect state pensions.

The measure would reduce annual cost-of-living increases for public employees and also gradually makes schools pay the cost of retirement benefits for their employees.

A plan requiring school employees to pay more toward their pensions but not force new teachers into a 401(k)-style system was approved Thursday.

Gov. Jindal's proposal to hike the amount rank-and-file state workers pay for retirement may cost the state more than it benefits.