Search Results

The funding levels of pension plans sponsored by S&P 1500 companies jumped to 91 percent in September, its highest point since October 2008.

Fitch Ratings has lowered the bond rating outlook for Connecticut and New Orleans, citing burdensome pension obligations among its reasons.

A key Republican lawmaker proposed borrowing $9 billion Monday as part of a new approach to rein in the soaring costs of pensions for nearly 380,000 Pennsylvania teachers and state employees.

The initiative would allow changes to be made to the retirement benefits of current employees.

President Obama has proposed a number of tax and other reforms that would mean big changes in how retirement is financed.

According to Pew, the states bipartisan reform effort this year resulted in a fair and effective retirement system for both employees and taxpayers.

The federal fingerprint in efforts to fix Detroit is growing larger as the Obama administration has found millions of dollars in grant money to help the bankrupt city hire more police and firefighters, and clear out blighted neighborhoods.

City and county pension plans saw their ratio of unfunded future liabilities plummet more than 10 percentage points to 69 percent from 2011 to 2012.