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Principal Financial Group Inc. said Monday that it is buying AFP Cuprum S.A., a pension manager in Chile, for roughly $1.51 billion.

California and Illinois have made the biggest headlines, but unfunded pension liabilities are causing strife from New Hampshire to Oklahoma.

Retired workers across the country counting on cost-of-living increases to their pensions are finding that political fights are putting their benefits at risk.

The number of families participating in a retirement plan declined from 2007 to 2010.

California's massive CALPERS system has been accused of avoiding emerging money managers. No matter who's in charge, they've been losing money, the system notes.

California inches closer to a publicly run retirement system for disenfranchised private workers. Critics suggest the state's existing retirement expertise ain't so hot.

Mayor Rahm Emanuel says the city will have to drastically cut services to meet mandated pension costs, unless state leaders can enact long-awaited reforms.

Companion legislation signed by Gov. Jerry Brown requires another vote in the Legislature before the program can be implemented and participants enrolled