Changes in retirement plans are ongoing as employers seek to circumvent such problems as underfunded pensions or avoid them by terminating defined benefit plans and replacing them with defined contribution plans.
Here's a look at four recent changes that will affect thousands of workers:
|4. Judge rules Baltimore violated pension contract.
In 2010, the city of Baltimore, Maryland, overhauled pension benefits for its police and firefighters. Now a judge has told the city that it violated the contract by doing so.
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