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The gains, however, are less than the annual investment returns of 7.5 percent to 8 percent that many state and local governments count on to pay benefits for teachers, police and other employees.

Almost three-quarters of those surveyed in the latest Reason-Rupe poll say they are concerned about governments ability to meet future pension obligations.

Detroits bankruptcy plan resolved a pension crisis with creative strokes, though at a cost to retirees who thought their benefits were untouchable.

The funded status of U.S. corporate pension plans took a sharp downward turn in January, though by just how much depends on whom you ask.

That amount represents about $1 of every $4 invested in hedge funds, the Alternative Investment Management Association says.

At meetings at the White House, industry executives warn of harm to savers with small balances.

A number of cities are forced to ditch plans to boost patrols and reopen precincts as they spend more on retirement instead.

Fueled by investors' migration to independent advice, ETFs see a 17 percent increase in 2014.