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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.

Retirement plan private-equity investments end up consuming workers' prospects, and their pension benefits. How ironic.

Moving away from a pension structure ultimately leads to higher costs for public employers (and employees), according to the National Institute on Retirement Security.

Despite successes in protecting retirement benefits for employees of companies such as American Airlines, the PBGC still faces a $34 billion funding deficit.

Lesbian, gay, bisexual and transgender Americans are in fairly good financial health, but they continue to have concerns about retirement and equality of financial rights.

Illinois' public-employee pensions system is so far in debt that it is "unfixable," Chicago's Commercial Club said Wednesday.

Gov. Pat Quinn says he hopes to fix the state's $85 billion pension mess through bipartisan cooperation, before a new Legislature is sworn in.