Defined Benefits

The SEC has charged an investment advisory firm and two of its executives with selling unsuitable investments to pension funds for Atlantas police and firefighters, transit workers and other employees.

The shift from DB plans to DC plans might not help workers secure their retirement, even though coverage by some sort of retirement plan is holding steady. Check out these statistics on worker saving rates, defined benefit plans, and defined contribution plans.

Today, the 6th Circuit Court of Appeals upheld a District Court ruling that dismissed a $450 million claim against General Motors.

Participants in Ascension Healths defined benefit plans have agreed to a preliminary settlement in a complaint that alleged the Catholic hospital network has underfunded pension plans by $440 million.

Californias public retirement fund holds so much power over local officials that pension bond investors cant expect equal treatment when a city goes bankrupt, a judge said in a ruling that she acknowledged seems unfair.

The Illinois Supreme Court rejected the states solution for its worst-in-the-U.S. $111 billion pension- funding shortfall, throwing into doubt how its financial crisis will be resolved.