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Missouri becomes the first state to prohibit pension advances to public employees, though other states are beginning to move in a similar direction.

It's time, he writes, for him to move on but with mixed emotions about leaving.

Federico Buenrostro pleaded guilty to conspiracy to commit bribery.

Theres no disputing the popularity of alts, but theres also no disputing that some of the investments in this asset class are illiquid and can be risky and expensive.

Read up on the tax facts you need to stay sharp and help employers get the most out of 403(b) tax sheltered annuities.

Chicago moved forward in its effort to rescue a pair of pension funds and stabilize its finances when Illinois Governor Pat Quinn signed a bill that cuts benefits and makes employees pay more for retirement.

New Jersey Governor Chris Christie said hell reverse course on promised pension contributions this year and next, cutting back to balance the budget after revenue fell short of his goals by as much as $875 million.

Since the financial crisis, 17 states have reduced, suspended or eliminated cost-of-living adjustments for public employee pensions.