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Public pension plans

Benbrook widow sues Fort Worth fund for husband's pension benefits

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When So Son Harabedoff's husband died last year, she thought she would receive his pension from the Fort Worth Employees' Retirement Fund.

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Why you may retire in poverty

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Are you going to retire in poverty? Today's seniors are more affluent than the general population. But the generations that follow them - starting with the baby boom generation - will not be as fortunate. The decline of pensions, the erosion of Social Security and the housing crash all are pointing toward a new crisis of poverty among lower- and middle-class seniors in the years ahead.

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Pension plans keep more retirees out of poverty, reduce reliance on public assistance

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Study: Defined-benefit pensions not only aid seniors but also provide a public service

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Pension error hits Fresno widow with $48,000 debt

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Sally Baker answered her phone in late May and got hit with a double whammy from the city of Fresno pension system. We've been paying you too much on your survivor's pension, Baker was told. Kiss about $530 from your monthly check goodbye. And, the billion-dollar pension system added, we want all those overpayments returned. You got $48,000 to send our way?

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Idea floated for state-run retirement system for private-sector workers

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An effort to give private-sector workers the ability to ditch their 401(k)’s and instead participate in a state-run retirement system that would offer a more reliable pension payout could be on the horizon in Wisconsin.

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State-run pension plans growing for private sector

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Many states are considering implementing a new type of pension plan for private-sector workers that uses the efficiencies of the state run public retirement systems to administer them, according to the Pension Rights Center.

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Five things to consider before cutting pension benefits

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The message from voters about public pension plans is clear: They're ready to cut the retirement benefits of police, firefighters, teachers and other state and municipal workers.

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America’s Looming Pension Shock

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At a recent Governing Leadership Forum in Lansing, Michigan Budget Director John Nixon told a packed room about Gov. Rick Snyder's plans to overhaul his state's public-pension system. Michigan's governor is, of course, far from alone in trying to deal with the public sector's pension crisis.

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Bill creates state retirement for private workers

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California's Senate on Wednesday passed a bill that would create a guaranteed, government-run retirement savings program catering to private-sector workers of modest means.

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State pensions eyes European chaos for opportunity

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The European economic storm continues to swirl and threaten investments in the U.S., but Connecticut's top pension official sees opportunity in the troubles on the other side of the Atlantic.

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