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An advocacy group for retired public employees in Washington said Tuesday it is considering legal action to challenge the removal of cost-of-living increases in a state pension plan.

Retiree and public employee groups in Kansas are contemplating a lawsuit against a law enacted this year that would force teachers and government workers to make concessions on their pensions to address the state retirement system's long-term funding problems.

S&P 500 defined pensions remain underfunded by $245 billion, despite slight growth in 2010.

Gov. Sam Brownback signed legislation Wednesday to bolster the long-term health of Kansas' public pension system.

Illinois lawmakers intend to push forward with a plan to cut government pension costs by making employees pay more or accept lower benefits.

Older Americans, employed and unemployed, may never recover financially from this latest recession, and more than half don't foresee themselves having enough money to live comfortably in their retirement.

Rhode Island's pension system requires a swift and precise overhaul to correct decades of poor policymaking decisions that have left it among the most expensive and poorly funded in the U.S., the state treasurer said Monday.

Rhode Island's pension system requires a swift and precise overhaul to correct decades of poor policymaking decisions.