The voluntary buyout plan is meant to shrink the federal workforce, but in New Jersey, where nearly 23,000 people work for the federal government, the impact could have a ripple effect.

The era of ultralow interest rates fostered a leveraged buyout boom and a desperate hunger for yield among investors. The ...

General Dynamics Corp., Reston, Va., purchased a group annuity contract to transfer $673 million in U.S. pension plan ...