US - A bill before the Maryland state legislature could see counties forced to absorb higher costs for state teacher retirement schemes.
The reforms would see county bodies responsible fro higher contributions on new hires and pay rises, which some in the state senate had criticised.
Estimates show Maryland's teachers' retirement costs rose by more than a fifth last year (22%) to about $770m.
At present it is one of the only US states to fund teacher retirement systems centrally.
The reforms are part of a range of measures implemented in light of Maryland's budget crisis, which has seen the state forced to close a $2bn deficit.
State governor Martin O'Malley said the proposed 2009-10 budget was "by necessity, painfully lean", necessitating tough decisions over expenditure.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point