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CNNMoney: Bank of America to freeze pension plansupdated: Thu Feb 23 2012 19:30:00

Bank of America announced plans Thursday to freeze pension plans, effective in July, and increase its 401(k) contributions instead.

CNNMoney: GM moves from pension plan to 401(k)updated: Wed Feb 15 2012 15:53:00

General Motors has shifted its senior salaried workers away from a traditional pension plan to a 401(k) plan, said a company spokeswoman on Wednesday.

CNNMoney: American Air workers set to lose bigupdated: Thu Dec 01 2011 15:45:00

Tough times await most of the 81,000 employees at American Airlines and parent company AMR.

Study: Fixing public pensions to cost taxpayers $300 to $2,400 a yearupdated: Wed Jun 22 2011 21:12:00

American taxpayers would have to pay anywhere from $329 to $2,475 annually per household for 30 years, depending on what state they live in, to remedy the crises in their public employee pensions, a new study said Wednesday.

CNNMoney: State retiree benefits gap grows to $1.26 trillionupdated: Fri Apr 29 2011 11:42:00

States are $1.26 trillion in the hole when it comes to their pension and retiree health obligations, according to a report released Tuesday.

Ex-New York state comptroller sentenced to prisonupdated: Fri Apr 15 2011 15:13:00

Former New York State Comptroller Alan Hevesi was sentenced Friday to the maximum sentence of one to four years in prison after pleading guilty to a felony corruption charge for his key role in a wide-ranging state pension fund scandal.

The trouble with public pensions? Ask San Diegoupdated: Fri Feb 25 2011 07:35:00

Who would have thought it? Wisconsin is the San Diego of the Midwest.

CNNMoney: State pension + debt = big numbersupdated: Thu Jan 27 2011 19:28:00

States' debt loads are high enough, but when you combine them with their pension obligations, the numbers are really eye-popping.

Money Magazine: Should I keep my job for the pension?updated: Fri Jan 21 2011 11:28:00

I'm 26 years old and work for a company that has a pension plan in addition to a 401(k) that matches my contributions. How realistic is it that I'll collect this pension in 30 or more years? And should I factor this pension into my long-term career decisions and do all I can to stay at this company so I'll get it? -- Dave L., Holland, Penn.

CNNMoney: Former auto czar pays $10 million fineupdated: Thu Dec 30 2010 16:19:00

Quadrangle investment group founding partner and former Obama "auto czar" Steven Rattner agreed Thursday to pay a $10 million fine in a settlement with the New York attorney general's office over a pension fund scheme.

CNNMoney: Ex-Obama car czar near SEC settlementupdated: Thu Oct 14 2010 07:27:00

Steven Rattner, President Obama's former car czar, is close to reaching a deal with the Securities and Exchange Commission over his role in a "pay-to-play" scandal involving the New York state pension fund, according to published reports.

Ex-New York state comptroller pleads guilty in pension schemeupdated: Thu Oct 07 2010 15:14:00

Former New York State Comptroller Alan Hevesi pleaded guilty Thursday to a felony corruption charge for his key role in a wide-ranging state pension fund scandal.

Social Security can prop up state pensionsupdated: Thu Sep 02 2010 15:49:00

State budgets are being squeezed by unprecedented amounts for the third year in a row as legislators are forced to close gaps of up to 50 percent of state spending.

Fortune: Calpers and risk: Together forever?updated: Wed Jun 30 2010 07:40:00

Before clocking a $100 billion loss in early 2009, the California Public Employees' Retirement System, known as Calpers, had the swagger of a hedge fund and the certainty of a saint. Other pension funds followed its lead, loading up on leverage, investing in unrated CDOs, shoving money into high-priced private equity deals and barreling into commodities and real estate.

CNNMoney: BP sued by nation's No. 3 public pension fundupdated: Wed Jun 23 2010 15:14:00

The nation's third-largest public pension fund on Wednesday initiated a class action suit against BP for losses incurred due to the oil spill in the Gulf of Mexico.

Fortune: State pension plans in crisis: underfunded by $1 trillion?updated: Fri Jun 18 2010 12:01:00

When the majority of the country's 225 state-sponsored pension plans release their annual reports this month, the numbers will paint a bleak picture. Unfortunately, the reality may be even worse.

CNNMoney: Why state pension funds may need a $1 trillion bailoutupdated: Thu May 20 2010 12:31:00

Ready for another government bailout? Taxpayers could be on the hook within the decade if current state pension system isn't reformed.

CNNMoney: States short $1 trillion to fund retiree benefitsupdated: Sat Feb 20 2010 19:12:00

Just as they are contending with massive gaps in their operating budgets, states and localities must also deal with a $1 trillion deficit in public employees' retirement benefits' funds, a new report found.

British Airways losses narrow to £50Mupdated: Fri Feb 05 2010 06:50:00

British Airways said on Friday that it had made a narrowed pre-tax loss of £50m in the last three months of 2009, taking total losses for the first three quarters of its 2009-10 financial year to £342m.

Fortune: Pension tension on the riseupdated: Thu Dec 10 2009 11:22:00

Retirement plans are on the mend, but the healing process is going to be long and painful.

Money Magazine: Pension: Lump sum or monthly payments for life?updated: Thu Jun 11 2009 12:45:00

Question: I'm 57 and have a defined pension plan at work. At age 62, I can retire with a lump payment of just over $831,000 or I can get a monthly annuity payment of almost $5,400 for the rest of my life. What should I consider in choosing between these two options? --Bob Rozak, Germantown, Maryland

Money Magazine: The safety of your pensionupdated: Mon Jun 08 2009 05:41:00

1. Many pension plans are underfunded

CNNMoney: Pension guarantor: unprecedented deficitupdated: Wed May 20 2009 10:33:00

The Pension Benefit Guaranty Corp., which guarantees private pension payments for 44 million Americans, said on Wednesday that it faces a massive, unprecedented deficit.

SI.com: Peter King: Loss of coaches won't slow Coltsupdated: Tue May 19 2009 00:03:00

Big news of the day is the TV stuff I reported last night, with NFL Network and the league finally smoking the peace pipe with Comcast. Read the whole story here.

Fortune: The public pension bombupdated: Tue May 12 2009 12:51:00

Even as the nation's economy is showing some tentative signs of bottoming out, another calamity looms: the public pension bomb.

CNNMoney: Confused in Californiaupdated: Tue Mar 31 2009 17:42:00

Question 1. We would really like to get rid of the house, but we don't want to let it go into foreclosure. Someone mentioned a short-sale. If our lender agrees, should we try this? What impact will it have on our credit rating? - Confused in California

Money Magazine: Pensions: still growing like clockworkupdated: Fri Mar 06 2009 15:50:00

You may think that pensions are as dated as the proverbial gold watch. That's understandable. After all, they're arcane and rarely publicized (except to say how they are disappearing), and it's often unclear how much they're really worth. But understanding your pension will help you plan for retirement and value yourself better in the workplace. Here's what you should do.

Money Magazine: Take this 401(k) and shove itupdated: Fri Mar 06 2009 15:47:00

Last week's West Virginia election should frighten you.

Money Magazine: Fat pensions spell doom for many citiesupdated: Fri Mar 06 2009 15:47:00

The jig is up. For years, politicians have been playing what amounts to a multi-trillion-dollar shell game with state and local pensions. They've doled out lush retiree benefits to their heavily unionized workforces, knowing that they could shove the cost for those benefits onto future generations of taxpayers.

Money Magazine: Relax - your pension is safeupdated: Fri Mar 06 2009 15:45:00

With the stock market cratering, and once-venerable financial institutions biting the dust, you might be wondering about the safety of your traditional pension plan. I've got some good news and some bad news.

Fortune: When pensions hit earningsupdated: Mon Jan 26 2009 13:37:00

Middle-class Americans aren't the only ones worried about how the market has drop-kicked their retirement funds. U.S. companies are also looking at big losses in their pension funds - losses that could force them to dip into earnings to cover their employee obligations.

CNNMoney: Motorola freezes pension plansupdated: Thu Dec 18 2008 07:37:00

Motorola, Inc. said on Wednesday that it is freezing employee pension plans and no longer matching 401(k) contributions as a result of the economic crisis.

Money Magazine: How to save your retirementupdated: Mon Nov 10 2008 07:35:00

Without a doubt, the past few months have ranked as the most tumultuous - and scariest - times that I've seen in the more than 20 years I've been at Money magazine. We've witnessed events that up to now had been almost unimaginable: the stock market fluctuating wildly and governments around the globe taking extraordinary steps to unlock frozen credit markets. And it's still unclear when the economy and the markets will hit bottom.

CNNMoney: Is your pension safe?updated: Fri Oct 24 2008 15:09:00

1. My wife and I are both retired and we depend on our private pension and other small investments for our income. We are both very concerned and afraid that within the next 6 months there will be nothing left. - Jack

Money Magazine: Why pension funds beat mutual fundsupdated: Wed Jul 09 2008 10:09:00

Are you happy with how well your mutual funds are doing?

CNNMoney: Pension plans suffer huge lossesupdated: Tue Jul 08 2008 10:26:00

Falling stock markets around the globe and the credit crunch are putting the pension funds of some of the largest U.S. companies into deeper financial holes, according to a report released Monday.

Money Magazine: The best way to take a pensionupdated: Tue Jul 01 2008 06:41:00

If you're one of the lucky 30 million American workers still covered by a traditional defined-benefit pension plan, you'll likely be faced with a crucial and irrevocable decision when you retire: should you take your pension in the form of a guaranteed monthly check for life or should you grab all of your pension money up front and manage the funds yourself? The vast majority of retirees choose the lump sum - 90% of them, according to the Society of Actuaries. Before you join them, consider the risks.

How to find your hidden moneyupdated: Thu Apr 17 2008 12:37:00

You know how good it feels when you fish a $10 bill out of your jeans pocket right before it hits the wash. Imagine coming into hundreds of dollars from a savings bond or a bank account you forgot about.

FSB: Create your own pension planupdated: Wed Feb 20 2008 13:05:00

Like many successful business owners, Bob Johnson, founder and CEO of Johnson Insurance & Financial in McKinney, Texas, was hungry for juicy tax breaks. He found some - more than $200,000 in just three years - in an unlikely place: the old-fashioned defined-benefit pension plan.

Time.com: France Strikes as Sarkozys Splitupdated: Thu Oct 18 2007 09:00:00

Both events were as widely expected as they were painstakingly choreographed

CNNMoney: Pension plans face more cutsupdated: Mon Jul 02 2007 22:12:00

New regulations intended to protect workers' pensions may have the opposite effect, leading some companies to stop offering the plans altogether.

Money Magazine: Take your (pension) lumpsupdated: Tue Jun 26 2007 21:12:00

Question: My wife and I are planning to retire next year when I'll be 59 and she'll be 60. Together we have about $600,000 in a 401(k), plus I have a pension that I can take as a lump sum of approximately $1 million or as an annuity that will pay $60,000 a year to me or my wife as long as one of us is alive. I'd prefer to take the lump sum and invest the money myself. I'm thinking of laddering bonds plus investing in some mutual funds to hedge inflation. What do you think of my plan? - Peter, Princeton, New Jersey

Fortune: An anti-terrorist divestment campaign fires blanksupdated: Wed Mar 21 2007 12:07:00

On its face, a drive to force public pension funds to halt investment in companies operating in countries believed to be sponsors of terrorism - primarily Iran - is in full swing. Presidential cand...

Money Magazine: Is My New Pension Plan Worth Less?updated: Fri Dec 01 2006 00:01:00

Q. My company just switched from a traditional pension plan to a cash-balance plan. Should I be worried?

CNNMoney: Pension agency funding deficit improvesupdated: Wed Nov 15 2006 17:30:00

The agency that guarantees workers' private-sector pensions is now in better financial shape than it was last year.

Boomer retirees are safe but will cost later generationsupdated: Thu Oct 12 2006 13:37:00

The more than 78 million baby boomers approaching retirement face a financial landscape that offers reasons for hope, but the generations following them have reasons to worry.

Money Magazine: Income for life? Lump sum? A better optionupdated: Mon Oct 09 2006 11:45:00

My husband is 45 and has worked for the same company for 27 years. He has been given a separation package that requires him to make complicated retirement decisions, the main one being whether he should take his company pension in monthly payments for life or as a lump sum. What should he do? Help!!! - Val, Tonawanda, New York

CNNMoney: Delta retired pilots: Delay dumping pensionsupdated: Tue Aug 22 2006 09:45:00

A group representing retired pilots is asking for a delay in a bankruptcy court hearing into whether the airline can dump its pension plans on a federal agency, saying new legislation may allow the troubled airline to hang onto its retirement plan.

CNNMoney: New pension law affects public-sector, non-profit workers, tooupdated: Mon Aug 21 2006 18:13:00

The pension law signed by President Bush last week will have its primary impact on tens of millions of private-sector workers who have defined benefit pension plans and defined contribution plans such as 401(k)s.

CNNMoney: Pension reform: Boon for 401(k)supdated: Thu Aug 17 2006 09:00:00

One of the most sweeping reforms of the retirement plan universe was signed into law by President Bush on Thursday afternoon, promising to bolster pension plan funding and increase workers' retirement savings.

CNNMoney: Report: Hedge funds eye pension assetsupdated: Fri Jul 28 2006 06:54:00

A pension reform bill moving through Congress includes a clause to allow hedge funds to manage significantly more pension-fund money, according to a published report.

CNNMoney: Report: Reform could worsen pension gapupdated: Mon Jul 24 2006 07:44:00

Legislation expected to be voted on in Congress as soon as this week to reform the nation's private pensions could actually increase the burden on the federal pension agency, according to a published report.

CNNMoney: GMAC sale clears hurdleupdated: Fri Jul 21 2006 05:53:00

General Motors cleared a major hurdle in its efforts to sell its GMAC finance unit as the federal agency that insures pensions said the buyer won't be held responsible for the automaker's obligations to retirees.

CNNMoney: How pension reform affects youupdated: Wed Jul 19 2006 16:58:00

Lawmakers negotiating pension reform legislation may have reached a tentative agreement on what to include in a final bill that would toughen funding rules for defined-benefit plans and encourage savings in 401(k)s.

Money Magazine: Lump sum versus payments for lifeupdated: Fri Jul 14 2006 13:36:00

QUESTION: When I retire, I'll be eligible for a pension from two companies. My question: should I take my pension in a lump sum or in annuity payments that will last the rest of my life? I'm leading toward a lump sum because I figure by investing it I can better hedge against inflation. Do you think that's the best approach? -- Bud C., Conyers, Georgia

CNNMoney: Leaving a job? Here's what to do with your pensionupdated: Fri Jul 07 2006 11:37:00

From the "no rest for the weary" files comes this mini-dilemma:

Money Magazine: Money Helpsupdated: Sat Jul 01 2006 00:01:00

The Art of Digging for a Lost Pension

Fortune: The end of a dreamupdated: Tue Jun 20 2006 15:50:00

By now most everyone knows that the old-style pension is in a heap of trouble. Desperate companies like UAL have already dumped plans. Other basket cases such as Delphi and Delta are threatening to...

CNNMoney: Delta to dump pension plansupdated: Fri Jun 16 2006 14:29:00

Delta Air Lines will move to terminate its pilot pension plans Monday, attempting to shift responsibility for the future benefits to the federal agency that guarantees such payments.

Fortune: How safe is your pension?updated: Wed Jun 14 2006 10:06:00

If you've earned a monthly pension check under your employer's defined-benefit pension plan, the odds are good that you'll get at least some money, even in the worst-case scenario.

Fortune: The end of a dreamupdated: Mon Jun 12 2006 15:34:00

By now most everyone knows that the old-style pension is in a heap of trouble.

CNNMoney: Pension agency appeals Delta dealupdated: Thu Jun 08 2006 08:18:00

The U.S. pension insurer has appealed a bankruptcy court decision allowing Delta Air Lines Inc. to implement a new pilots' contract that includes payments to pilots in case their pension plan is turned over to the agency.

CNNMoney: Judge OKs Delta pilots' pay cutupdated: Wed May 31 2006 11:15:00

A U.S. bankruptcy court judge approved a deal for a new contract between Delta Air Lines Inc. and its pilots, who had ratified the new contract earlier Wednesday.

CNNMoney: Better funding alone won't save pensionsupdated: Mon May 15 2006 12:30:00

More than 350 S&P 500 companies still have pension plans...and thanks to the recent rise in interest rates and stock prices, about one-half of those plans are at least fully funded, according to Ron Gebhardtsbauer, senior pension fellow at the American Academy of Actuaries.

Fortune: GM BEATS THE MARKET!updated: Mon May 01 2006 00:01:00

THE ANNUAL REPORT, or 10-K, that General Motors just filed with the Securities and Exchange Commission catalogs every petrifying financial risk known to man. But deep in the report is a shining sta...

Fortune: GM beats the market!updated: Mon Apr 17 2006 10:08:00

The annual report, or 10-K, that General Motors just filed with the Securities and Exchange Commission catalogs every petrifying financial risk known to man. But deep in the report is a shining statistic: In 2005, GM's pension fund earned 13%. For a simplistic comparison, take the S&P 500, which had a total return for the year of only 4.9%.

CNNMoney: Retirement: Great expectations, no preparationupdated: Mon Apr 03 2006 15:26:00

NEW YORK (CNNMoney.com) - Cognitive Dissonance 101 might be a fitting title for the findings from the 2006 retirement confidence survey released Tuesday by the Employee Benefit Research Institute.

CNNMoney: Some may profit from pension freezesupdated: Thu Mar 09 2006 11:29:00

NEW YORK (CNNMoney.com) - Shortchanged is a polite way to describe how employees might feel when their companies announce they're going to freeze their pension plans.

Money Magazine: Pensions: The Big Chillupdated: Wed Mar 01 2006 00:01:00

When IBM announced that it would freeze pension benefits in 2008 for 117,500 U.S. employees, it felt like the New York Yankees declaring that players would have to buy tickets to fly on the team je...

CNNMoney: Pension board to sell its UAL stock?updated: Wed Feb 01 2006 09:52:00

The federal agency that insures private pension plans intends to sell half of its 20 percent stake in UAL Corp., which is due to emerge from bankruptcy protection Wednesday, according to a published report.

Fortune: Defending pension plansupdated: Fri Jan 13 2006 14:46:00

Are defined-benefits pension plans sustainable?

Fortune: America's pension time bombupdated: Fri Jan 13 2006 11:03:00

Some of the nastiest conflicts in America's future have recently begun to reveal themselves. Let's call them, broadly, the pension wars.

Fortune: Tick, Tick ... Boom!updated: Wed Jan 11 2006 10:14:00

Some of the nastiest conflicts in America's future have recently begun to reveal themselves. Let's call them, broadly, the pension wars. They will be fought on a wide range of battlefields, involvi...

CNNMoney: Pension Peril: Securing income for lifeupdated: Wed Jan 11 2006 10:05:00

NEW YORK (CNNMoney.com) - Reliable income for life. Most people want it, but fewer and fewer workers can count on it.

CNNMoney: House passes pension reform billupdated: Thu Dec 15 2005 13:02:00

NEW YORK (CNNMoney.com) - A thumbs-up this week from the United Auto Workers on a revised version of a pension reform bill helped smooth the way for its passage in the House of Representatives on Thursday afternoon.

CNNMoney: Your retirement money: Changes aheadupdated: Thu Dec 01 2005 12:41:00

Social Security reform, bankruptcy reform, tax reform - add pension reform to the mix.

CNNMoney: Pensions pour billions into hedge funds?updated: Sun Nov 27 2005 11:16:00

Pension plans that are facing a growing number of retirees are seeking bigger returns by pouring billions of dollars into hedge funds, investments that may be risky, a news report said Sunday.

CNNMoney: Which is better: pension or payout?updated: Fri Nov 25 2005 12:24:00

My wife plans to retire in two years at age 48. When she does, she has the choice of taking a $350,000 lump-sum payment or having her company pay her a pension of $1,600 a month for life. What would you advise?

CNNMoney: The $354 billion pension problemupdated: Thu Oct 27 2005 11:29:00

General Motors' pension pain could soon spread to hundreds of other companies, even those offering relatively healthy traditional pension plans.

CNNMoney: Run over: Delphi may cost GM $11Bupdated: Mon Oct 10 2005 06:53:00

The bankruptcy by auto parts maker Delphi Corp. could mean an $11 billion hit to its former parent General Motors Corp., according to the automaker, and thousands of job cuts at Delphi's North American parts plants.

CNNMoney: Full or empty? GM pension disputeupdated: Mon Oct 03 2005 07:43:00

The federal government contends that General Motors' pension fund is $31 billion short of what it owes its work force and retirees, a figure strongly disputed by the automaker, which argues its plans have $2 billion more than necessary to cover anticipated benefits, according to a published report.

CNNMoney: Bankruptcies: The threat to your pensionupdated: Thu Sep 15 2005 10:00:00

The bankruptcy of Delta Air Lines and Northwest Airlines could add billions of dollars to the government's already overburdened back-up pension scheme. If your company goes bust, will the emergency fund still be there to pick up the tab?

Money Magazine: Could You Bust Your Own Pension?updated: Fri Jul 01 2005 00:01:00

If you're one of the 23 million or so people who work for a company with a traditional pension--that is, a plan that gives you a monthly check based on your salary and number of years of service--y...

An immodest proposalupdated: Mon Jun 13 2005 12:55:00

The captains of American corporate life could learn much about how real leaders treat their troops from the captains and the lieutenants of the United States Marine Corps.

CNNMoney: Could you bust your own pension?updated: Thu Jun 09 2005 16:19:00

If you're one of the 23 million or so people who work for a company with a traditional pension -- that is, a plan that gives you a monthly check based on your salary and number of years of service -- you may think the main threat to your retirement is your company defaulting on its promise to pay. That's what bankrupt United Airlines did in May.

CNNMoney: Pension gap could soar to $71 billionupdated: Thu Jun 09 2005 06:11:00

The federal agency insuring private-sector pension plans that have promised benefits to about 44 million employees and retirees could see its own shortfall more than triple in the next decade, a congressional agency said Thursday.

CNNMoney: United's pension loophole flight planupdated: Tue Jun 07 2005 07:09:00

United Airlines used loopholes in federal pension laws to treat its pension funds as solid for years, when in fact they were dangerously weakening, according to a published report.

CNNMoney: Pension gap said to be growingupdated: Tue Jun 07 2005 06:11:00

Many of the nation's private sector pension plans are seeing a bigger gap between their assets and their promised benefit levels, according to a published report Tuesday.

CNNMoney: Is your pension in peril?updated: Mon Jun 06 2005 10:43:00

After reading about the people at United Airlines losing their pensions, I'm beginning to wonder whether my pension is safe. Should people like me who have a corporate pension be concerned about losing our benefits?

Fortune: Terminal Illnessupdated: Mon May 30 2005 00:01:00

FOR THREE BRUTAL YEARS THE TOP BRASS at America's old-guard airlines have been telling anyone who would listen, off the record of course, that a single watershed event is all they need to put their...

CNNMoney: Pension problems 101updated: Tue May 17 2005 12:00:00

As if you don't have enough to worry about with 401(k) and Social Security benefits, here comes a new retirement woe: traditional pension plans may be in the worst shape of all.

CNNMoney: SEC finds bias in pension consultantsupdated: Mon May 16 2005 15:19:00

The Securities and Exchange Commission said Monday it has discovered that pension consultants -- who advise companies on pensions and 401(k) plans -- have serious conflicts of interest and may be giving out biased advice.

CNNMoney: Flight attendants strip in protestupdated: Mon May 16 2005 09:14:00

Some United Airlines employees at risk of losing their shirt are taking it all off instead.

CNNMoney: United, unions step up talksupdated: Sat May 14 2005 20:29:00

Commencement last week of a trial in U.S. Bankruptcy Court in Chicago on whether to void the current labor contracts of two unions representing workers at UAL Corp.'s (UALAQ) United Airlines appeared to have jump-started parallel negotiations between the airline and its mechanics, ramp workers and customer-service agents.

Fortune: SCANDAL, POVERTY, AND PRIVATIZATION: TALES FROM BRITAINupdated: Mon Feb 21 2005 00:01:00

IN HIS RECENT STATE OF THE UNION speech, President Bush waxed rhapsodic about the benefits of partially privatizing Social Security. "You can build a nest egg for your own future," he said. "Best o...

CNNMoney: NY state pension fund sues Merckupdated: Tue Nov 30 2004 16:07:00

The New York State pension fund sued Merck & Co. Tuesday, claiming to have suffered huge financial losses from the scandal surrounding the drugmaker's Vioxx painkiller.

CNNMoney: Report: Wall St. hurt Teamster fundsupdated: Mon Nov 15 2004 07:41:00

Teamster union-controlled pension funds are in worse shape today than in the era of union corruption when money from the funds were used by mobsters to buy casinos in Las Vegas, according to a published report Monday.

Business 2.0: The Confidence Gameupdated: Mon Nov 01 2004 00:01:00

THE HEADLINES TELL THE TALE: Companies are abandoning pension and health-care benefits for both active employees and retirees. IBM helped start the trend in the 1990s, when it tried to switch rough...

Fortune: Time To Clear The Air The airline mess has gone from unstable to untenable. But this fall the market may finish what it started.updated: Mon Sep 20 2004 00:01:00

Shouldn't there have been a shake-out by now?

CNNMoney: Retirement savingupdated: Wed Sep 15 2004 12:25:00

Traditionally, pensions have been the gold standard of retirement plans. Let's face it, if you have the option of funding your own retirement or having someone else do it for you, you'd take the free ride, right?

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