Pensions

U.S. state and local governments have good reason to root for stocks to rebound from the crash.

Lawmakers in Illinois are so desperate to shore up the state’s massively underfunded retirement system that they’re willing to entertain an eye-popping wager.

With many private and public pensions in the red, employees are advised to look for options that will improve their prospects, such Roth IRAs.

DB plans have become a major focus for executives looking to reign in costs.

California Governor Jerry Brown said legal rulings may clear the way for making cuts to public pension benefits, which would go against long-standing assumptions and potentially provide financial relief to the state and its local governments.

Driven by a strong stock market, a select group of Fortune 1000 companies saw modest growth, finds Willis Towers Watson.

Employees should do a quick assessment of their retirement prospects while still working.

Driven by a strong stock market, a select group of Fortune 1000 companies saw modest growth, finds Willis Towers Watson.

Investors are advised to do a Roth conversion before year-end to make the most of the federal tax deduction for state and local income taxes, which could disappear next year.

The deficit has risen to $65 billion, according to the Pension Benefit Guaranty Corporation’s annual report.