Legal

Rhode Island is ground zero for pension reform right now. The state, which has found itself with an unfunded pension liability of between $7 billion and $9 billion, has proposed a hybrid defined benefit/defined contribution plan to reform its retirement system.

Social Security not only shouldn't be cut as part of the United States debt reduction measures, but, according to Merton Bernstein, an expert on Social Security and the Walter D. Coles Professor Emeritus at Washington University in St. Louis, it wouldnt take much to ensure Social Securitys viability 75 years...

How employers are confronting costly employee stresses.

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The U.S. Department of Labors Employee Benefits Security Administration published a final rule updating the procedures for filing and processing applications for prohibited transaction exemptions under the Employee Retirement Income Security Act.

The U.S. Department of Labors Employee Benefits Security Administration and the Securities and Exchange Commission announced that information the EBSA requires plan administrators to give to plan participants or beneficiaries under its participant-level fee disclosure regulation will satisfy the requirements of Rule 482 under the Securities Act of 1933.