Legal

Phone company Verizon has transferred $7.5 billion in pension obligations to Prudential Insurance after a retiree association failed to convince a court to stop the move.

The U.S. Department of Labor has filed a lawsuit against a New York-based ESOP.

A tax reform panel approved a plan that could generate about $690 million a year in additional revenue largely from retirees by taxing more of their pensions.

As the government reaches for more revenue to avert the fiscal cliff, new limits on tax expenditures could reduce potential 401(k) contributions by 65 percent.

One of the key players in a case involving fraudulent use of the New York state pension system will not have to serve jail time, despite pleading guilty over three years ago.

What does that much-discussed tax leap mean for sponsors of 401(k) plans and their participants? Higher taxes could make the plans more attractive.