In the early 2010s, Illinois lawmakers created the Tier Two pension benefit reduction in response to a ballooning state fiscal crisis. The goal was to curtail pension costs and stabilize the state’s ...

German Chancellor Friedrich Merz said on Friday his coalition has agreed to carry out a comprehensive pension reform next ...

Bermuda’s public service pension funds will run out of money in 2045, meaning that today’s public servants — and some pensioners — will have no pension in two decades’ time unless something changes.

The recent layoff of 80 police officers in Oakland could be the harbinger of things to come as government officials find that public employee pension deals made when the stock market was booming are ...

German Chancellor Friedrich Merz narrowly averted a government crisis after securing an absolute majority for a pensions bill ...