A solid year for the U.S. stock markets resulted in better-than-expected returns for state and local pensions last year. However, that boost may not be enough to pull them out of trouble.

Pensioners aged 75 and older who get Pension Credit also get a free TV license. The annual cost is £169.50 for a colour licence, while black and white licenses normally cost just £57.

BlackRock will be removed from its role investing for Indiana's pension system. (Spencer Platt/Getty Images) The board of trustees for the Indiana Public Retirement System voted unanimously Friday ...

BlackRock will be removed from its role investing for Indiana's pension system. (Spencer Platt/Getty Images) The board of trustees for the Indiana Public Retirement System voted unanimously Friday to ...

Reforms are set to put a squeeze on welfare spending but the Government has yet to explain how savings will be made ...

INDIANAPOLIS — The board of trustees for the Indiana Public Retirement System voted unanimously ... force that put Hoosier public employee pensions at risk.” Friday’s vote was to determine ...

On Friday, the board of trustees for the Indiana Public Retirement System unanimously voted to remove global investment firm BlackRock from managing the state’s portfolio. This decision followed ...