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If markets continue to be volatile after Standard & Poors downgrade of U.S. debt to Double-A+, pension funds will attempt to minimize their losses and buy bonds, says Brett Goldstein, president of The Pension Department in Plainview, N.Y.

Wall Street's volatility has hit state pension funds just as they were beginning to recover from the recession, turning what was merely a troubled forecast into a potentially stormy future for taxpayers who are on the hook for billions in unfunded liabilities for government retirees.

A study released Friday by a pension-reform group suggests California state and local governments could save billions of dollars a year by moving to a hybrid retirement plan similar to one used by the federal government.

As members of the congressional supercommittee are announced, those in the benefits field are no doubt asking themselves, "What will this mean for me?"

The AARP and other retiree groups on Wednesday said they will argue before the Michigan Supreme Court that parts of the state's new tax on pensions are unconstitutional, particularly related to public employees.

ING's Retirement division announced today that it has launched the next generation of its retirement health reimbursement arrangement — the ING Health Reserve Account (ING HRA) — to help state and local governments fund their employees' future health care expenses on a tax-favored basis.

Cerulli Associates has identified six niche segments of the retirement planning space that it says are experiencing burgeoning growth and present asset-gathering opportunities for advisors.

The Financial Accounting Standards Board approved an updated accounting standard, which is meant to provide more information regarding an employer’s financial responsibilities to multiemployer pension plans.