Legislation aimed at giving the PBGC more money for distressed multiemployer pension funds by imposing fees on asset managers that want to keep managing retirement plan assets following criminal convictions was introduced Monday by Sen. Tammy Baldwin, D-Wis.

General Electric is offering about 100,000 former workers a "limited-time option" to take their pensions in a lump sum. But experts say such buyout deals may not be as good as they seem.

Connecticut has just begun a seven-year program to ease the tax burden on its elderly, a process that will provide nearly $170 million in annual relief by 2025.

General Electric, once one of the mightiest, most well-respected American corporations, announced that it's freezing pensions, for about 20,000 U.S. employees and offering pension buyouts to 100,000 former employees, according to the Pension Rights Center.