Pensions

Retirees over 65 will no longer be able to contribute to health savings accounts once they file for benefits.

Retirees over 65 will no longer be able to contribute to health savings accounts once they file for benefits.

The Dallas Police and Fire Pension System, once applauded for a diverse investment portfolio that included Hawaiian villas, Uruguayan timber and undeveloped land in Arizona, finds itself needing to dig out of a deep hole.

Company after company has repudiated traditional pensions, pushing younger workers into 401(k)-style retirement plans. For diligent savers, a 401(k) can accumulate a big balance, but when the time comes to start using it, things will get a lot more complicated than it was for their parents.

If the junk-rated city wants to improve to investment grade, it must reverse the direction of its mounting retirement debt, according to Naomi Richman, a managing director at Moody’s Investors Service.

The California Public Employees’ Retirement System, the largest U.S. pension fund, named Marcie Frost, 51, as its new chief executive officer.

The Pension Benefit Guaranty Corporation is now using non-stabilized rates to determine qualification for under $15-million exemption

The expanded Canada Pension Plan is aimed at countering dwindling workplace pension access for younger generations pinched by a weak economy and soaring home prices.

The cost would be triggered if the U.S. Treasury Department approves benefit cuts to protect the solvency of the Central States Pension Fund.

Helping clients understand the pension and benefit plans of seller organizations is an important part of any acquisition.