The generosity of pensions provided to public-sector workers has come under increased scrutiny as states and local governments search for ways to close their budget deficits. The intense and ongoing ...

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 ...

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 ...

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 ...

Voters in San Diego, San Jose and Wisconsin made it clear last week that they no longer will tolerate the expense of public employee pensions that are straining local and state government budgets.

Although not his intent, John Micek ("The Sunday Brunch," July 27) nicely highlights news reports on other states that illustrate why Pennsylvania should not switch to a 401(k)-style public retirement ...

On Wednesday, federal retirees who retired under the Civil Service Retirement System, current CSRS employees and a multitude of other state and local public service employees who receive pensions from ...

It's a common lament that old-fashioned defined-benefit pensions—the kind that pay a guaranteed monthly income for life—are rare nowadays. And for public-sector employees, they might become even more ...

8th Pay Commission Pension Calculator: When we talk about a pay commission, the main focus usually is on central government employees since they play a crucial role in executing government policies ...