Civil service pension scheme failed to pay some pensions and lump sums after transferring to a new administrator.

State pension recipients won’t lose their money because of the downturn in the market, but decreased value of investments could force lawmakers to make fiscal decisions that could affect all taxpayers ...

(AP) – CHARLESTON, W.Va.: Bigger and bigger pension costs were draining the city’s general fund until a new law helped the city to set aside more assets for future benefits. The city also created a ...

The state's public pensions are in disastrous financial shape. But a report prepared by Illinois Policy Institute analyst LyLena Estabine not only outlines the situation, but proposes solutions to a ...

Government employee unions gathered in Springfield earlier this year for a day of action in support of changing “Tier 2,” the state of Illinois retirement benefit for workers hired on or after Jan. 1, ...