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Defined benefit plan assets increased 8.11 percent to $5.67 trillion and defined contribution assets jumped nearly 17 percent to $2.68 trillion.

States need to regularly check on pension obligations and liabilities and other long-term expenses to ensure funding obligations are met, said a report.

The Grand Canyon Institute, based in Phoenix, said switching employees from a traditional pension plan would likely cause shortfalls as contributions from employees dried up.

Its a little bit of a shock to discover that many retirement plan sponsors are clueless about just what they need to do to make sure they dont run afoul of the regulations.

Stanger was a primary author of a little-noticed piece of a 1978 tax law.Today, 401(k) is likely the most recognizable number in the Internal Revenue Code.

Some believed the Universal, Secure and Adaptable (USA) Retirement Funds Act of 2014 was the right solution while others felt its approach was too complicated.

We found that in all 10 states, the total annual cost of corporate subsidies, tax breaks and loopholes exceeds the total current annual pension costs for the main public pension plans administered by the states, a report stated.

The 45-year-old Democrat, a former equities analyst, this month appointed a commission to evaluate how investments are made for North Carolinas $83 billion public pension, the nations 10th largest.