Legal

U.S. Treasury Secretary Timothy Geithner, as expected, backed President Barack Obama's budget plan on Tuesday, saying the government must resolve its debt ceiling crisis well before Aug. 2 and bring its deficits down "gradually but dramatically" over the next three to five years.

Union leaders and members of Gov. Dannel P. Malloy's administration voiced optimism that state employees will eventually ratify a labor savings deal, now that the details have been released.

The U.S. Supreme Court has significantly narrowed the grounds an employee can use to sue for additional pension benefits based on errors in a plan's summary plan description (SPD).

CA Gov. Jerry Brown signed legislation to enact labor contracts for more than 50,000 state workers that are expected to save more than $300 million a year.

New York Gov. Andrew Cuomo will soon announce a proposal for a new, less generous pension system for future state, local and school employees that is designed to save taxpayers $93 billion over 30 years, according to two officials briefed on the plan.

An employee benefits lawyer discusses the six most important lessons plan sponsors can learn from the Kraft 401(k) lawsuit.