Legal

A major Illinois employee union has objected to the Illinois treasurer opening the door to making workers contribute more money to their pensions.

Two pension boards in Detroit are suing the state of Michigan over the recently passed emergency financial manager legislation, claiming that the law is unconstitutional.

Missouri Secretary of State Robin Carnahan says brokerage firm A.G. Edwards has reached a $755,000 settlement with the state of Missouri.

Illinois should create a second, lower-cost retirement plan for government employees, even if it triggers a legal battle.

The NFL and its players resumed court-ordered mediation Tuesday with a federal judge's decision expected soon on a request to immediately halt a lockout now in its second month.

“ASPPA and the National Tax Sheltered Accounts Association (NTSAA) express concern with regard to how the application of proposed new rules 15Ba1-1 through 15Ba1-7 under the Securities Exchange Act of 1934, will impact retirement plan professionals who work with governmental sponsored retirement plans."