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The average plan has 17 options. Research suggests the number should be in single digits. Believe or not, we can serve both masters.

State employees' retirement age would raise by two years and they would be required to pay more into their pensions, as part of a reform package

IRI Joins nearly 30 other financial services groups in written testimony to the House Ways and Means Committee, asking for support of retirement tax benefits.

Illinois Gov. Pat Quinn will propose that workers who get state pensions pay more toward their retirement and accept more modest cost-of-living increases when he lays out ideas Friday for cutting an $85 billion funding problem in the pension system, lawmakers said.

The IRS and the Treasury Department would like to issue guidance relating to the applicability of the normal retirement age rules to government plans.

A bipartisan group tasked with cutting Illinois' Medicaid budget by $2.7 billion failed to come up with a plan by a deadline this week and now Gov. Pat Quinn intends to move ahead with his own proposal, committee members said Wednesday.

A Senate panel on Wednesday recommended an additional $9 million of spending by the commission that oversees South Carolina's $25 billion investment fund for public workers' pensions, saying more employees and better technology should boost returns.

Industry insiders press Ways and Means committee to retain tax incentives to continue public participation in retirement plans, many of which date back to the Bush Administration.