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The panel has been convened by the Society of Actuaries to assess the current state of pension plan funding and make recommendations to improve the financial strength of public pension going forward.

Support is growing among taxpayers in California's Ventura County for an initiative to channel all new employees into a 401(k) savings plan rather than a pension.

Detroits plan to end its $18 billion bankruptcy assumes bondholders offered 20 cents on the dollar will eventually swallow a deal that guarantees police and firefighters collect 90 percent of their pensions.

Roger Roemmich, a CPA, long-time wealth manager and author of Dont Eat Dog Food When Youre Old, says people heading into retirement are focusing on the wrong variables.

Stockton and San Bernardino may not recover unless they rein in their rising pension costs, Moodys Investors Service.

Detroits record $18 billion bankruptcy should end an erroneous presumption of municipal bond investors that they have more protection from losses than other creditors, a lawyer for the city told a judge.

The movement of funds from employer-sponsored defined benefits plans is a natural result of aging baby boomers looking for ways to generate income needed as they live out their retirement years.

Jacksonville, rated the second level of investment grade by Moodys Investors Service, wants JEA, which provides water and electricity to the states most populous city, to contribute $40 million annually to help avoid a downgrade.