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The average amount of money devoted to funding public pension plans equaled 7.9 percent of revenue generated by cities, a survey of 173 municipalities has found.

Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce.

The municipal bankruptcy of Vallejo, Calif., might be viewed as a cautionary tale for other cities that fail to get a handle on their pension costs.

Do-it-yourself 401(k) account holders are losing tens of thousands of dollars, if not more, by making inappropriate investment choices.

Nearly a third of small employers dont offer retirement benefits, and just 22 percent in that group are giving any thought to starting to do so soon.

Middle-income baby boomers are excited about retirement but concerned that they wont have enough health insurance and wont be as financially secure as they are right now.

Public pension funding is extremely sensitive to investment returns.

The gap in employment rates between America's highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago.