Legal

The top administrator of New Mexico's pension fund for government workers is stepping down to take a job with a retirement program in Iowa.

A Pittsburgh company must restore $67,138 in plan assets and interest to its employee retirement plan, according to the U.S. District Court for the Western District of Pennsylvania.

When the Department of Labors Employee Benefits Security Administration re-proposes its fiduciary rules, it must take into account their effect on broker/dealers, plan sponsors, record keepers and plan auditors, says Jeleen Guttenberg, a partner in the law firm Bracewell & Giulianis Employee Benefits, ERISA, and Executive Compensation group.

The Obama administrations attempt to create a voluntary long-term care program was a way for the president to barter with GOP lawmakers on health mandates after his reelection, says Jesse Slome, executive director for the American Association for Long-Term Care Insurance.

A group that represents more than 100 of the largest corporate pension plans, with more than $1.3 trillion in plan assets, has found a new executive director.

Congressional Republicans are demanding that the Obama administration clarify what it is doing about implementation or non-implementation of the Community Living Assistance Services and Supports (CLASS) Act long term care (LTC) insurance program.