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As great as it would be to accrue all of your sick time up until the day you retire, then get it in a lump sum, there appear to be some financial problems associated with this.

Portions of New York's $128 billion public pension fund will be invested in housing, transportation and utility work to help prevent damages from any future storm.

If the West Coast public pension giant gets its way, it will be paid before the issuers of municipal bonds will in cases of bankruptcy - radically altering the future of bonds as investments.

The days of counting on Uncle Sam and a company pension to carry you through old age are long gone. We're living increasingly in a "yoyo" economy short for "you're on your own."

Republican Comptroller Susan Combs said Tuesday "there are some warning signs in Texas" surrounding certain public-employee pension obligations but defended the stability of the state's largest retirement funds that total $139 billion and could face calls for reform next year.

Fearing that more California cities will use bankruptcy as a way of side-stepping their pension obligations, CalPERS is threatening to sue San Bernardino.

A report issued Monday by Pennsylvania Gov. Tom Corbett's administration warned of higher taxes, program cuts, lower business growth and steeper borrowing costs because of the state's financial obligations toward the two large public-sector pension plans.

The repeals of COL increases are part of an effort to rein in a growing unfunded liability that now exceeds $30 billion, including a 401(k)-style plan for new employees.