Retiree Finances

Illinois pension buyouts may not bring savings budget claims

Jun 1, 2018

Illinois' new state budget relies on more than $400 million in savings from a new pension buyout plan that finance experts caution is highly speculative and may not save as much money as lawmakers say

Report: Many state pension systems have huge funding gaps

Apr 12, 2018

A new study says that many state pension systems for government workers are badly underfunded, putting core state programs at risk

How not to run out of money in retirement

Apr 9, 2018

The "Spend Safely in Retirement" strategy is based on a study by the Stanford Center on Longevity and the Society of Actuaries

Why millennials should care about Medicare right now

Feb 23, 2018

Millennials could feel impact of potential Medicare cuts before they hit their 60s

Puerto Rico creates new pension plan for struggling retirees

Aug 23, 2017

Puerto Rico is establishing a pay-as-you-go pension plan and setting aside $2 billion this year for tens of thousands of retirees who depend on a public pension system expected to run out of money next month

Liz Weston: How to stop being the family ATM

Aug 14, 2017

Your family probably knows how to push your buttons - including the ones that enable their self-destructive financial behaviors

Puerto Rico seeks court's help to save public pension system

May 22, 2017

Puerto Rico is seeking help from federal court to restructure the debts of the U.S. territory's public pension system, which is projected to run out of money this year

Pension crisis forces Puerto Rico retirees to rethink future

Feb 9, 2017

Puerto Rico's largest retirement system is expected to collapse next year, threatening to plunge into poverty a quickly growing elderly population

Dallas police and fire pension in crisis, retirees concerned

Sep 27, 2016

Still recovering from the July sniper attack that left five law enforcement officers dead, the Dallas Police Department is facing a new crisis as its pension fund approaches insolvency and scores of officers announce unexpected retirements

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