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 ...

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 ...

Read this if you're thinking about retiring and taking the lump-sum option Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five ...

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 ...

Retirement should be a time to relax and enjoy the fruits of your labor, yet many retirees unknowingly engage in habits that could land them in legal trouble. While most people understand the basics ...

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 ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Retirement plans are specially ...

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 ...