In most states, the benefits formulas for active employees are untouchable. The only way to chip away at pension-funding problems is to fiddle with formulas for new employees, partly because unions ...

One of the major public pension funds' spin-meisters recently wrote a letter to The Wall Street Journal, seeking to counter the claims that taxpayers bear the brunt of costs of public pension funds.

Lately we are often asked about the impact on pension costs from a stock market decline. Our answer might surprise you. On December 31, 1999, the Dow Jones Industrial Average closed at 11,497. That ...