Legal

An Iowa-based investment advisor is being forced to repay $341,487 to 68 pension plans he and his company worked with from May 2007 through November 2011.

The move came after Social Security recipients and members of Congress complained that people were being forced to repay overpayments that were sometimes paid to their parents or guardians when they were children.

Three union retirement plans sued the lender in 2010. Jury selection was scheduled to start yesterday when the attorneys instead announced publicly before U.S. District Judge Donovan Frank that theyd reached an accord.

A report by the Government Accountability Office found that while the most severely distressed multiemployer plans have taken steps to address their funding problems, some did not.

Three cases of interest to the Supreme Court have the potential to move the needle in the direction of plaintiffs claims.

Even though California teacher pensions - and therefore that debt - are guaranteed by the state, for accounting purposes the state treats that obligation as off its balance sheet, as if its not on the hook.