Retired firefighter John DeGenova from Cranston, R.I., says good pension benefits were one of the reasons he entered his profession. Jim Zarroli/NPR hide caption

itoggle caption Jim Zarroli/NPR

The owners of Stuyvesant Town in Manhattan abandoned the property to their creditors in January. The original purchase was funded in part by outside investors, including two state retirement funds. Seth Wenig/AP hide caption

itoggle caption Seth Wenig/AP

Federal Reserve Chairman Ben Bernanke testifies Thursday before the Senate Banking Committee. Manuel Balce Ceneta/AP hide caption

itoggle caption Manuel Balce Ceneta/AP