For many retirees, a pension plan is a financial safety net, providing guaranteed income during retirement. However, not all pension plans are fully funded. When a pension plan is underfunded, its ...

With a few notable exceptions, the age of pensions is largely over in the U.S. Traditional defined benefit plans have replaced largely by defined contribution retirement vehicles like 401(k) plans. A ...

Finding a job with a pension plan is often rare in today's job market. Once a standard perk, pensions have become a rarity, tucked away in the archives of job benefits history. So, what's behind this ...

Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The ...