Defined Benefits

Banks, bond insurers, employee pension systems and others standing to lose big if a federal judge declares Detroit insolvent are expected to legally file their objections to the largest municipal bankruptcy in U.S. history.

It calls on the SEC to establish a proactive agenda to advance the mission of protecting investors, maintaining fair, orderly, and efficient markets, and to facilitate capital formation.

About 18,000 workers employed by the state of Michigan won a court ruling knocking down a pension fee this week.

Aon Hewitts latest retiree health care survey revealed that more than 60 percent of employers are reassessing their long-term retiree health strategies because of Obamacare.

More than half (59 percent) of respondents to a Mercer survey said their company has not attempted to quantify the effectiveness of the retirement program in terms of attracting and retaining staff.

Michigan state employees will not be forced to pay 4 percent of their income to participate in pensions, ruled a Michigan Court of Appeals. The decision upholds a lower court ruling from October 2012, and finds the entire 2011 law unconstitutional.