Legal

The pension reforms Congress adopted will help save healthier multiemployer plans from being crippled by the obligations of their ailing, underfunded brethren.

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.

Lockheed is fighting claims its mismanagement of retirement benefit plans left workers with worse returns on company stock than investors who bought it on the open market.

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.

The case, which the Supreme Court is scheduled to hear and rule on by the beginning of next summer, hinges on the timeliness of claims relative to ERISAs statue of limitations.