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 ...

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 ...

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 ...

Read this if you're thinking about retiring and taking the lump-sum option Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five ...

One of the most common concerns among retirees is running out of money. That’s understandable given the consequences of doing so. Pensions can alleviate a large portion of that risk and its associated ...

A high salary alone does not guarantee long-term financial security. True stability comes from disciplined ...

But if she retired Oct. 1 instead of Sept. 1, she would see her pension drop to $1,401 month, for a reduction of $120 a month. That’s 7. 9 percent less than if she had retired a month earlier. She ...

Forbes contributors publish independent expert analyses and insights. Catherine Brock covers personal finance and investing. The hardest part of investing for retirement is budgeting ample ...