Legal

With more and more baby boomers retiring each year, either by choice or because they lost their jobs, many couples have to live different lives and face changes in their financial, social and emotional circumstances.

Schawk Inc., which provides digital- imaging services and art production, was sued by Iron Workers Local No. 25 Pension Fund.

The rule amendment, which was first proposed in 2010, would require marketing materials for target-date retirement funds to include a table, chart or graph depicting the funds asset allocation over time or its glide path.

Governor Tom Corbett wants the legislature to pass changes that would deal with escalating retirement contributions for the state and school districts as well as Pennsylvanias unfunded pension liability.

The Pension Benefit Guaranty Corp. announced a proposal this week that would make it easier for 401(k) plan participants to get higher returns and secure lifetime income by moving their funds into traditional pensions.

Detroits emergency financial manager said the city may be able to conclude its record $18 billion bankruptcy in October, less than 18 months after seeking court protection from creditors.