Legal

Demographic and administrative concerns are some of the factors that scare insurers away from bidding on the Federal Long Term Care Insurance Program contract, according to officials at the U.S. Government Accountability Office (GAO).

The Connecticut Appellate Court ruled Wednesday that the town of Fairfield may not make claims for millions in losses to its pension fund due to disgraced financier Bernard Madoff's fraud scheme.

The AARP and other retiree groups on Wednesday said they will argue before the Michigan Supreme Court that parts of the state's new tax on pensions are unconstitutional, particularly related to public employees.

From the helicopters they fly to the base housing where their children sleep at night, U.S troops and their families are directly affected by the prospect of deep cuts in the Pentagon's budget, which surely will shrink over the coming decade as the military closes out two wars, trims its...

Gov. Sam Brownback's administration is beginning an early retirement program for eligible state employees in an effort to reduce Kansas government spending.

Lawmakers told Phyllis Borzi, head of the Department of Labors Employee Benefits Security Administration (EBSA) on Tuesday, to repropose the agency's controversial regulation amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA), because the definition offered is too broad and because EBSA failed to examine the...

The American Society of Pension Professionals & Actuaries is urging the bipartisan "Gang of Six" to tread carefully on its proposal to raise revenue by reducing tax incentives for retirement savings.

What the Postal Service needs right now are changes in the law allowing it to reduce delivery to five days-a-week and to resolve an annual requirement for it to pay $5.5 billion into a fund for future retiree medical costs, Donahoe said in a telephone interview.