Defined Benefits

Some of the changes announced appear to reflect the GAO's recommendations, at least in spirit.

MetLife will take on pensions for about 7,000 TRW retirees and beneficiaries, the New York-based life insurer said today in a statement.

Its current benchmark is imprecise in measuring private equity performance and encourages riskier investments to meet the goal, officials said.

The pension reforms Congress adopted will help save healthier multiemployer plans from being crippled by the obligations of their ailing, underfunded brethren.

The case was scheduled to go to trial in February. Now, a judge must sign off on the settlement.

Hatch said he plans to reintroduce his Secure Annuities for Employee Retirement Act next year.