Defined Benefits

The case was scheduled to go to trial in February. Now, a judge must sign off on the settlement.

Hatch said he plans to reintroduce his Secure Annuities for Employee Retirement Act next year.

Career averages are commonly used in other defined benefit plans like Social Security.

Eight years after the lawsuit was filed, Lockheed will face off against the plaintiffs at a nonjury trial set to start today in federal court in East St. Louis, Illinois.

Supreme Court decisions, crackdowns by the Department of Labor and a shift in the political balance of power were among the big stories on the retirement front. And 2015 promises even more.

The National Coordinating Committee for Multiemployer Plans says the amendment gives multiemployer pension plans the tools they need to head off insolvency and preserve retiree benefits for decades to come.