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Illinois should create a second, lower-cost retirement plan for government employees, even if it triggers a legal battle.

More than half of retirees responding to a LIMRA survey say changes to Medicare, Social Security programs and increased taxes will affect their ability to afford retirement.

“ASPPA and the National Tax Sheltered Accounts Association (NTSAA) express concern with regard to how the application of proposed new rules 15Ba1-1 through 15Ba1-7 under the Securities Exchange Act of 1934, will impact retirement plan professionals who work with governmental sponsored retirement plans."

A summary of employee benefits news, reports and controversy from around the web.

A decade of legislative attacks and regulatory missteps capped off by the biggest market collapse since the Great Depression appears to have ended the long ride of American Capitalism. If this sounds merely theoretical to you, then don’t read this because it’s not going to be good for your 401(k)...

Michigan no longer would boast the nation's most generous tax breaks for seniors if a compromise plan to tax retirement income announced Tuesday becomes law.

In a speech Wednesday, President Obama unveiled his deficit reduction framework, vowing to curb health spending with changes to Medicare and reforms to the Affordable Care Act, which he says would save an additional $340 billion by 2021.

Criticism is mounting against a Nebraska bill that would change the state body that resolves labor impasses between public worker unions and employers.