Employers may provide retirement plans that pay retirees a specified amount, based on the individual's salary and on the number of years of employment. Called defined benefit plans, these pensions may ...

State and local government pensions do not offer the same level of protection as ERISA-regulated corporate pensions. State and local government pensions assure workers and retirees that they enjoy the ...

One of the most common concerns among retirees is running out of money. That’s understandable given the consequences of doing so. Pensions can alleviate a large portion of that risk and its associated ...

California state government observers have wondered in recent months why the California Public Employees' Retirement System (CalPERS), the nation's largest state pension fund and one of Wall Street's ...

Some jobs become increasingly taxing as one ages. Airline pilots and air traffic controllers, for example, are subject to mandatory retirement ages. While not subject to mandatory retirement ages, ...

Michigan has been able to accomplish what many other state and local governments only dream of: meaningful pension reform. With recent passage of its teacher pension legislation, and Gov. Rick Snyder ...

I’m 49 years old and I’ve had a steady job for over 15 years now as a government contractor. I plan to retire at around 65. I have $500,000 in savings between my 401(k), IRA and individual savings ...

But if she retired Oct. 1 instead of Sept. 1, she would see her pension drop to $1,401 month, for a reduction of $120 a month. That’s 7. 9 percent less than if she had retired a month earlier. She ...

We’re often told to save more for retirement, but have you stopped to think about how your retirement plans compare to your peers? Putting enough money away for retirement can feel like a push if ...