Legal

Detroits public workers, retirees and bondholders finish voting today on a plan that would impose $7.4 billion in cuts on investors and pensioners.

GreatBanc Trust Co. has settled an ERISA claim brought by the Department of Labor for $5.25 million.

The organization gives its preliminary approval to new standards that would force greater transparency in the accounting of health care obligations to government retirees.

The Department of Labor will delay releasing its controversial fiduciary redraft until at least January 2015 from the originally slated August release date.

The IRS is starting a one-year pilot program next month that will waive compliance penalties for some small business plan sponsors.

The Pension Benefit Guarantee Corp. will pay the retirement benefits of more than 1,400 current and future retirees of Interfaith Medical Center, a 287-bed hospital in Brooklyn, N.Y.