Defined Contribution

The class action suit, filed this week in U.S. District Court in Massachusetts, alleges the company did not seek to recapture excess revenue-sharing money held to cover recordkeeping expenses.

Ted Eliopoulos, current senior investment officer for real estate, will serve as acting CIO of the more than $277 billion pension plan, also known as Calpers.

Medical benefits of retirees are not considered vested and thus can be changed, the court said.

Will 2014 turn out to be a good year for pension stability? A good year for the growth of wealth through pensions? Maybe yes. Maybe no.

U.S. stocks fluctuated, after equities rebounded yesterday from a three-day retreat, as investors weighed a private report showing companies added more workers than forecast last month.

U.S. stocks rose, snapping a three- day retreat, as investors awaited this weeks earnings reports and jobs data to gauge the pace of the recovery in the worlds largest economy.