Theres very little thats defined about defined contribution plans, leaving employees to their own devices and too often with little or no money saved for retirement, one of the governments top regulators said Tuesday.

The next Congress could well pick up retirement reform, especially if Republicans take control of the Senate.

Contribution limits for employees in 401(k) and other defined contribution plans will go from $17,500 to $18,000 next year.

In upholding the lower courts ruling, the 9th Circuit has furthered legal precedent in how sponsors can amend their floor-offset retirement plans.