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

The city is set to begin a four-day hearing today in Sacramento to win approval of a plan that pays two Franklin Resources Inc. funds only 1 percent of the $35 million they are owed.

No other U.S. pension, endowment or foundation manager has invested as heavily in emerging-market ETFs as the New Jersey Pension Fund, a $3.2 billion gamble at its height. Now the states reversing course.

The rule amends PBGCs regulation on benefits payable in terminated single-employer plans.

Publicsectorinc.org has built an interactive pension calculator tool that allows individuals to calculate the monthly retirement benefits public servants get when they retire.

As creditors prepare to vote on a plan to end Detroits $18 billion bankruptcy, the city still needs help from state lawmakers to pay its obligations while avoiding a fire sale of its fine art collection.

New workers will have the option of choosing a 401(k) plan or a hybrid plan in which one third with will be a 401(k) and two-thirds will be a traditional pension.

The typical U.S. corporate pension plans funding status declined by 1.1 percentage points to 91 percent in April as liabilities increased faster than assets.