Legal

The proposal marks a new direction for a governor who has said he opposed a state bailout that focuses only on reducing the citys $18 billion in debt.

Investigators from the DOLs San Francisco office found that Lange Trucking Inc., based in Oakland, failed to fully fund the 401(k) accounts of 515 drivers.

These so-called legacy assets pose problems because the employer is still required to manage those assets, even though it has moved the entire 403(b) plan to a different provider.

Christie urged pension changes to free up money that he said was needed for schools, infrastructure and other projects.

In their letter, the Democratic Congressmen said that any definition should not limit access to investment education and information. We certainly want to protect plan participants.

Could it be that enforcing existing rules on brokers offering advice will have the same effect, albeit without the political fallout, of creating a uniform fiduciary standard? We may be about to find out.