Legal

The Systemic Risk Council has been created to monitor and encourage regulator reform of U.S. capital markets, in light of recent financial system crashes.

Proposals cutting retirement benefits for government workers have emboldened advocates seeking to curb state and city pensions across the nation.

Officials remain divided over the next steps in solving an ever-increasing $83 billion funding gap in state retirement systems.

San Jose police made good on their promises to launch a lawsuit to block the implementation of Tuesday's measures to curtail their pension plans.

Employees hired after July 1, 2013, will receive an investment account similar to a 401(k) plan, instead of a monthly retirement payment based on their salaries and years of employment.

France's new Socialist government moved to lower the retirement age from 62 to 60 years old for certain workers, a gesture to unions that critics say is a costly mistake.