Legal

The gap between the promises states have made for public employees' retirement benefits and the money they have set aside grew to at least $1.26 trillion in fiscal year 2009.

Big contribution increases for North Dakota's teacher pension funds in the next four years have won approval in the state House.

A new proposal on how the Pension Benefit Guaranty Corp. premiums are set may affect plan sponsors who offer defined benefit options.

More than $17 million was distributed recently to 3,274 California senior citizens who purchased National Western annuities as part of a class action fraud law suit.

A majority of California voters are in favor of public-employee pension caps to help balance the state’s budget, according to a poll by The Los Angeles Times and USC.

Texas teacher retirement fund's investment managers received more than $8.2 million in bonuses this year, more than double what every other state agency's top employees have received combined since 2007.

Senior members of Congress, both Democrat and Republican, have signed letters calling for a delay or end to the Labor Department’s effort to rewrite the 5-part retirement plan fiduciary definition that deals with those who sell investment retirement accounts.

Proposals requiring Florida state workers to contribute part of their income to their pensions are raising concerns over the effect it may have on lower-income workers.