Divorce settlements often force a choice between two long-term wealth pillars: home equity and retirement savings. On The ...

Many years ago, industry switched to defined contribution pensions. Employers contribute to a worker’s pension, the worker controls the investments, and the resulting sum is what the worker receives ...

State legislators, as state employees, qualify for pensions from PERS, but they also benefit from a decades-old program just ...

Facing a $7.2 million deficit for the fire station under construction in Chino Hills, the Chino Valley Fire District will ...

Nevada should learn from Chicago’s mistakes and move to a hybrid system that gives individual state workers their own ...

The California Public Employees’ Retirement System reported a 14.8% gain for its latest fiscal year, with results driven by stocks and private equity.

CalPERS recorded a double-digit investment return for a second consecutive year. The California pension fund hit 14.8% in ...

Pension contributions now consume 12% of education budgets, up from just 2% in 2015, representing the steepest increase in ...

Blazing its way through the Legislature is a proposal that could give California firefighters and police officers better pensions and earlier retirements. If passed, the measure would make significant ...

Stephen Gilmore’s 40-year tour of global finance has given him a front-row seat to the Russian debt crisis, the bailout of a financial giant and the rise of sovereign wealth funds. It’s also taken him ...

A $1.4 million portfolio at a 3.5% yield generates roughly $49,000 annually, slightly exceeding the average CalPERS retirement benefit of $45,264. A blended 6% yield using holdings like O and MO ...

CalPERS reports an average annual retirement benefit of approximately $45,264. Many California public employees who spend a full career in the system and retire with 30 or more years of service ...