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Why is Detroit leading its plans to slaughter when Cincinnati saved its DB pension plan?

A study found that both U.S. and U.K. pension funds reported negative real annual mean performance from 2002 through 2011 and pension funds did not earn returns above the rate of inflation in either country during this time period.

Most federal civilian employees hired beginning in January will contribute 4.4 percent of their pay to their pension plans under the House-passed budget bill the Senate is expected to approve this week.

The bankrupt city is expected to learn this week the value of roughly 2,800 of its pieces at the Detroit Institute of Arts when New York auction house Christie's delivers its final report.

Minority households have substantially lower retirement savings balances than white households even after controlling for age and income.

There are two sides to each story. Some dont mind cutting public pensions to cover costs. Others do. Im among those who find the cuts appalling.

State pension funds more than doubled their allocations to alternative investments between 2006 and 2012, about a $600 billion increase.

According to data from the Milliman 100 Pension Funding Index, the pension deficit is below $100 billion for the first time in five years as the funded status increased by $34 billion during November.