Legal

The Retirement Advisor Council wants the DOL to survey 401(k) plans of all sizes in its effort to evaluate the effectiveness of 408(b)(2) disclosure requirements.

Chrysler Group, the automaker owned by Fiat SpA, lost $690 million in the first quarter when it bought the shares held by a union retiree medical trust, paving the way for integration of the companies.

The city is set to begin a four-day hearing today in Sacramento to win approval of a plan that pays two Franklin Resources Inc. funds only 1 percent of the $35 million they are owed.

Senate bill S.1225, sponsored by democratic state Sen. Benjamin Downing, is being considered in the chambers Joint Committee on Public Service.

The General Assembly has allocated $400,000 from next years budget for the creation of the Connecticut Retirement Security Board, to be run within the State Comptrollers Office.

Christie, a second-term Republican, proposed the largest budget in state history in February to pay for rising costs of health benefits, pensions and debt.