Legal

State and local government retirees in Kentucky won't get cost-of-living pension increases over the next two years under a budget proposal that could face a House floor vote by midweek.

The judge threw out a lawsuit brought by teachers, police officers, firefighters and public workers challenging a law that requires them to pay more for their pensions and health benefits.

Three financial services industry trade groups are signaling to the Department of Labor they will fight tooth-and-nail to sustain the exemption of the sale of retirement investment products from a fiduciary standard.

ASPPA's newest volley against proposed changes to 401(k) contribution tax structures suggests defined contribution plans are the savior of lower-income workers.

Boomers beware: Scams, frauds and other financial exploitation schemes targeting older Americans are a growing multibillion-dollar industry enriching the schemers, anguishing the victims and vexing law enforcement officials who find these crimes among the hardest to investigate and prosecute.

The soon-to-be-mandatory Education Policy Statement should provide 401(k) plan participants with clear objectives, performance standards and results.

Drinker Biddle & Reath LLP has formed a team to help the retirement industry navigate the legal and regulatory maze associated with creating sustainable income solutions.

AMR Corp. says it lost $234 million in January, as bankruptcy discussions continue on turning over the company's pension obligations to the federal government.