Legal

The National Association of Insurance Commissioners has adopted an updated model bulletin for stranger-originated annuity transactions.

New Jersey Gov. Chris Christie chastised an Essex County executive for collecting a pension while continuing to draw a paycheck from the same six-figure job, but the governor stopped short of calling on his political ally to quit taking retirement benefits or return the money.

Two former players who now are on the owners' labor committee wrote Monday to NFL retirees to outline elements of the offer the league made to the union during negotiations last month.

The U.S Department of Labor’s Employee Benefits Security Administration has unveiled a final amendment to a prohibited transaction exemption that broadens the transactions allowed for employee benefit plans whose assets are managed by in-house asset managers.

Maryland lawmakers agreed Monday to state pension and retiree health benefit reforms needed to start addressing huge unfunded liabilities that would pose future financial problems if left unaddressed.

New Jersey's top fiscal officer says the state will make a half-billion-dollar payment to the pension fund when the law requires.