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New Hawaii government employees will work more years, contribute higher amounts toward their pensions and get paid less after retirement, according to sweeping proposed changes to the state's underfunded pension system.

With Democrats in Massachusetts pulling a Wisconsin on their public unions, headlines screaming widening funding gaps in pensions of all sort and even Washington politicians coming ever so closer to touching the dreaded third rail.

Officials at a public hospital district have come under fire after awarding the former CEO nearly $4 million in retirement payments in addition to his $150,000 annual pension after staffing was reduced by hundreds of people.

Work on pension legislation in the Kansas Legislature stalled Tuesday when House members pressed for a vote in the Senate on creating a 401(k)-style retirement plan for teachers and government workers instead of studying the idea.

Kansas legislators won't approve a bill addressing the state pension system's funding problems until the House and Senate agree on whether the state should commit to starting a 401(k)-style retirement plan.

According to new data from the U.S. Census Bureau, the nation's state retirement systems lost $641.3 billion (24 percent) from 2008 to 2009.

A sweeping plan to cut business taxes, end or restrict tax exemptions for some retirement income and make other significant tax changes cleared a preliminary hurdle Wednesday with Michigan lawmakers.

Like the Wild West, the ETF world sees innovation and peril around every corner. Do these investment products represent the next evolution or are they destined to expose the disheartening dangers of introducing behavioral consumerism to complex decision making. After all, doing a bad thing faster only hastens the onset...