Critics of Illinois's budget are calling for reform to the state's pension assessment. The retirement system is nearly $80 billion in debt, the largest unfunded pension liability in the nation. Jay Field reports.
Jonathan Clements, former personal finance columnist for the Wall Street Journal, says recessions can be great times for retirement. He shares his view with host Tess Vigeland.
Mary Schapiro, head of the Securities and Exchange Commission, says regulators will step up their scrutiny of retirement investments. John Dimsdale reports.
When the economy tanked, government workers watched their pension funds dwindle. Now, in an effort to recover the cash, some funds are resorting to the kind of risky investments that led to the financial crisis in the first place.
