Defined Benefits

Demand at the U.S. auction of $35 billion of five-year notes from a group that includes pension funds and insurers approached the highest level in almost a year amid speculation on the Federal Reserves agenda and turmoil in Ukraine.

Under North Carolina law, the state treasurer has the authority to make decisions about pension fund investments, and the SEANC is calling for an investment board to manage the money.

Its decision time in Chicago, the moment to rescue sinking pensions that could pull the city under. And nothing is happening.

Mayors across the state of Illinois are urging legislators to overhaul police and fire pension plans to alleviate the financial burden on local governments.

Governor Peter Shumlin today is to sign a law requiring lenders to be licensed by the state and comply with interest limits and other banking regulations.

A Towers Watson review of proxy materials from 430 public companies found that average CEO comp rose just a half a percent in 2013, compared to 5.7 percent in 2012.