Legal

A payroll tax cut that has been in effect since 2011 will extend through the end of February. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point payroll tax cut for employees, reducing their Social Security tax withholding rate from 6.2 percent to 4.2...

Just weeks after overhauling the state's public pension system, Rhode Island lawmakers plan to consider giving cities and towns the power to revamp municipal pension plans.

In a cost-saving move, Social Security has suspended the annual mailing of personal benefit estimates, which traditionally arrived a few months before each covered workers birthday.

Secretary of Labor Hilda L. Solis announced the appointment of five new members to the 2012 Advisory Council on Employee Welfare and Pension Benefit Plans, which also is known as the ERISA Advisory Council.

For the retirement industry, there wasnt much to gloat about in 2011. I hate to end the year on a sour note, and I know I'm not listing them all, but there are plenty of media missteps, lawmaker oversights, and plan misjudgments.

Citigroup sold off the last of its 8 million share stake in Primerica. Primerica was spun off in an initial public offering in April 2010. After that deal, Citigroup owned about 40 percent of Primerica common stock. In April 2011, Citigroup publicly sold 12 million shares of Primerica stock, reducing...

The American Society of Pension Professionals and Actuaries and the Council of Independent 401(k) Recordkeepers sent a letter to the Department of Labor requesting it extend the applicability dates of fee disclosure regulations that affect both plan sponsors and plan participants.

Wells Fargo & Co. announced it is buying EverKey Global Partners, an investment boutique that offers global equity strategies to institutional clients.