For seniors who have a defined benefit (DB) plan, or pension plan, the pension payout options typically offer lump sum, single life, and joint life options.
A woman’s 1993 divorce decree stipulating her right to a share of her ex-husband’s pension benefits wasn’t enough to ensure that she would get them.
The pension landscape this week underwent a tectonic shift in California with the passage of two referendums.
The state pension funds in 31 states are in jeopardy and could be exhausted by 2030, according to a new study by the Kellogg School of Management at Northwestern University. Within 10 years, the pension funds in Illinois, Louisiana, New Jersey, Connecticut, Indiana, Oklahoma and Hawaii are expected to be in particularly serious trouble. How
If you’re a public official in Louisiana, you can commit a crime, go to prison and still collect pension benefits. Is justice served?
If divorce situations are messy, remarriage introduces more confusion about who should get spousal retirement benefits.