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Pennsylvania's approach to a looming spike in pension obligations for state and public school employees should include a discussion of reducing the cost of current workers' future benefits, even if it means challenging state constitutional law that has traditionally protected such benefits, a top state lawmaker said Monday.

The head of San Jose's underfunded public pension program will step down just as the city votes on plans to change employee pension benefits.

The outgoing director of Colorado's public employees' pension plans calls the 401(k) a failure for private employees. It might be up to you to prove him wrong.

All employees would contribute more, and the plan also eliminates a retirement program that allows workers to officially retire but remain on the job to accumulate benefits.

The compromise includes a plan to use casino revenues to bolster the long-term financial health of the Kansas Public Employees Retirement System, which has a projected $8.3 billion shortfall.

As the Social Security Administration is making online statements available this month, many Americans are reluctant to enter personal information online, but this is a necessary step in financial planning, according to Allsup, a nationwide provider of Social Security disability representation and Medicare plan selection services.

Kansas may dedicate revenues from state-owned casinos to pensions for teachers and government workers as part of a broader bill bolstering the long-term financial health of the state's retirement system.

Thee proposal would create a cheaper investment account similar to a 401(k) plan for state employees hired after July 1, 2013, instead of a monthly retirement payment based on their salaries and years of employment.