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 ...

Wondering what a good monthly retirement budget looks like? Learn how much you should plan to spend to maintain financial security and peace of mind.

The generosity of pensions provided to public-sector workers has come under increased scrutiny as states and local governments search for ways to close their budget deficits. The intense and ongoing ...

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 ...

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 ...

We’re all told to save into a pension, but there’s widespread confusion about how to take an income from our savings and ...

Unsure how to draw down your super in retirement? Here’s when to take money, how much to withdraw, and how to protect your ...

Voters in San Diego, San Jose and Wisconsin made it clear last week that they no longer will tolerate the expense of public employee pensions that are straining local and state government budgets.

Although not his intent, John Micek ("The Sunday Brunch," July 27) nicely highlights news reports on other states that illustrate why Pennsylvania should not switch to a 401(k)-style public retirement ...

While it’s always a good idea to start planning for retirement as early in your career as possible, the five years before ...

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 ...

8th Pay Commission Pension Calculator: When we talk about a pay commission, the main focus usually is on central government employees since they play a crucial role in executing government policies ...