Legal

The measure leaves Social Security alone, but it contains a policy calling for raising the retirement age and reducing annual cost-of-living increases.

A plan to phase out the traditional 20-year pension offered to military employees in favor of civilian-styled 401(k) retirement programs has military families concerned.

Reform that includes notions to create a privatized national pension plan for small businesses, as suggested by NCPERS, have received the support of the GAO.

Safeway responded to Monday's ratings downgrade by outlining its $1.88 billion unfunded liability for its multi-employer pension plan.

EBRI suggests contributions to 401(k)s would drop under proposed changes which would no longer make them tax deductible.

Medco has agreed to pay $2.7 million to settle an investigation into influence-peddling at California's largest public pension fund.