Legal

The federal pension-insurance agency filed $91 million in liens against American Airlines property in a bid to pressure the company to save its retirement plans instead of dumping the obligations on the agency.

Some 483,000 American retirement plans must send new disclosures to their 72 million participants by May 31. You can certainly turn that into business.

Democrats said lawmakers should be wary of digging the state too big a financial hole, that its obligation to the pension fund will top $2 billion a year by 2016 and $1 billion or so will be needed to fund transportation projects through the Transportation Trust Fund.

Illinois Gov. Pat Quinn, responding to a dire new report on state finances Monday, said more clearly than ever that he wants schools and universities to help pay for their employees' retirement costs.

A website aimed at drawing attention to thousands of Tulsa-based American Airlines workers whose jobs and pensions could be in jeopardy as the struggling air carrier continues through bankruptcy was launched Monday by the local Transport Workers Union.

More than eight in 10 households believe the current tax incentives to encourage retirement saving should be preserved, according to new research by the Investment Company Institute.