pension

A new $85 billion budget deal agreement was reached this week, that will fund federal agencies through the fall of 2015. This will avert another government shutdown, and end the…

To understand how a cash balance plan differs from the traditional 401(k) plan, we first have to know exactly what a cash balance plan is and how it works. Here…

Government workers don’t get paid as well as folks from the private sector — but the long-term benefits were always supposed to be amazing, and all but guaranteed. This doesn’t…

You may have heard there was a tentative deal reached on a pension fix in Illinois. Now that highly uncertain proposal, much needed to provide relief, will be heading to…

Illinois has the worst-in-the-nation unfunded public pension liability. That may not be the case for much longer, as top Illinois legislators said today they’ve reached agreement on a plan to…