Legal

A state budget that encompasses key policy changes proposed by Maine Gov. Paul LePage, including pension rollbacks and tax breaks, was on the verge of final approval Wednesday.

Retirement officials are worried that Congress, in its efforts to reduce the federal deficit, will look to pilfer the tax expenditures for employer-provided retirement planswhich totaled $112 billion in fiscal year 2011, James Klein, president of the American Benefits Council, said in testimony before the House Subcommittee on Health, Employment,...

The Social Security Administration made $6.5 billion in overpayments in 2009, including $4 billion under a supplemental income program for the very poor.

Ohio Treasurer Josh Mandel has asked for a state investigation into whether banks may have manipulated foreign exchange rates charged to Ohio pension funds and the state's injured worker insurance, potentially costing pensioners and businesses tens of millions of dollars over the past 12 years.

Experts at the American Society of Pension Professionals & Actuaries say electronic delivery for legally required defined contribution plan disclosures is more user-friendly and will help plan participants more easily understand and respond to the information provided.

A war of words has erupted in New Jersey over a proposal to require public workers to pay more for health benefits.