State and local government pension liabilities have doubled over the past 30 years, federal data show. And current pension contributions aren't even enough to cover newly-accruing benefits.

Amid the nationwide panic over the rising costs of public employee pensions, one proposed solution is nearly universal: States and municipalities should shutter their traditional defined benefit ...

Many public employees retire as "public pension millionaires." In 5 states, average full-career employee receives more in retirement than when working. The Los Angeles Times columnist Michael ...

One was that the legend of the lazy, budget-devouring public-sector employee as the cause of America's fiscal crises has in many cases been carefully manufactured by Wall-Street-funded organizations.

Most people know that our $13 trillion national debt is endangering America's credit rating and pushing the United States closer to bankruptcy. But hidden beneath the surface is another ticking t.

Public Pension Plans Face Trillions of Dollars in Underfunding. Today, 31 states are sponsoring public pension plans with funding ratios that are under 80 percent of what is needed to pay full ...

The disclosure comes after United announced last month it would stop making payments to pension plans until it emerges from Chapter 11. Chicago Public Radio's Jason DeRose reports. Accessibility links ...

Many of those plans are badly underfunded, some at near-critical levels. According to a Pew study, the nation’s public employee pension plans were a staggering $1.25 trillion in debt as late as ...

Public employee pensions are increasingly under attack around the country. Retirement security is part of the American Dream, a promise that those who work hard and play by the rules will not be ...

By now, private equity funds account for roughly 13 percent of the total holdings of all public pension funds across the United States. Oregon’s fund in June contained 27.8 percent private ...

Unions sued, contending that employees had long been promised that benefit and took jobs because of it. They argue the rules for new workers will eventually end the pension shortfalls.