Defined Benefits

The SEC commissioner opined that the root cause of the financial crisis was failed federal housing policy and loose monetary policy, none of which was addressed in Dodd-Frank.

BP Plc employees can sue managers of the companys retirement savings plan over losses related to the 2010 Gulf of Mexico oil spill, a U.S. appeals court said.

Missouri becomes the first state to prohibit pension advances to public employees, though other states are beginning to move in a similar direction.

Its American United Life Insurance Co. announced Tuesday the completion of its first pension liability settlement in 20 years.

The Georgia company hopes to reduce its defined benefit obligations by $200 million-$300 million by offering lump-sum payments to former employees who have yet to retire.

The California Public Employees Retirement System, the largest U.S. pension, reported an 18.4 percent gain on investments for the fiscal year ended June 30 as global stock indexes rose to records.