Illinois' state universities and community colleges have agreed to gradually start picking up their own retirement costs under a preliminary deal that emerged at a public hearing Thursday, a step forward on a concept that's been debated by lawmakers for more than a year. Full story
LOS ANGELES (Reuters) - Amid the mudslinging that has marked Los Angeles' mayoral race, the two candidates vying to lead America's second-largest city agree on this: its finances are terrible, and runaway wages and pensions paid to workers need to be reined in to avoid fiscal meltdown. Full story
A leading international economic body says Portugal must push ahead with changes to pension entitlements, even though the planned reforms are threatening to tear apart the coalition government and will likely trigger a spate of legal challenges. Full story
(Reuters) - Michigan's biggest city is "clearly insolvent" and needs to restructure its debt and renegotiate its labor contracts to address its problems, Detroit's emergency financial manager said on Monday. Full story
The New York pension fund for state and local government workers has topped $160 billion after reporting a 10.4 percent return on investment for its last fiscal year, the state comptroller's office reported Monday. Full story
PARIS (Reuters) - President France Hollande's government launched consultations on Monday with trade union leaders and employers on an overhaul of France's pension system, a reform seen as vital to sorting out French public finances. Full story
CNBC's Rick Santelli takes a closer look at the skyrocketing costs of pensions.
CNBC's Rick Santelli talks with Brian Graff, American Society of Pension Professionals and Actuaries CEO, about who will get hurt the most in a proposal that limits pension contributions.
L.A. mayoral candidate Wendy Gruel talks about her focus on the issues impacting the residents of Los Angeles, specifically jobs because the city has a “high unemployment rate, higher than the national average.”
Chris Hayes’ New York City mayoral roundtable debate housing, education, income disparities, and what drives people to and from the city.
A new report warns that Federal retirement pensions could go bankrupt, with CNBC Contributors Keith Boykin, Jim Pethokoukis and Steve Moore of the Wall Street Journal.
Michael Sommer, head of Germany's labour union association DGB, attends a May Day labour rally in Munich May 1, 2013. The word in the background reads "pension". REUTERS/Michael Dalder (GERMANY - Tags: POLITICS SOCIETY BUSINESS EMPLOYMENT)
Hundreds of Cypriot bank workers protest against the possibility of their pensions being affected should the government decide to restructure Cyprus' two largest banks, outside parliament in Nicosia April 4, 2013. REUTERS/Andreas Manolis
Britain's Secretary of State for Work and Pensions Iain Duncan Smith arrives for a pre budget cabinet meeting at Number 10 Downing Street in London March 19, 2013. Britain will trim the budgets of most government departments by 1 percent a year over the next two years to raise money for capital spen
