Legal

Senate Finance Committee Chairman Max Baucus says he doesn't think Congress will address Social Security as part of an effort to reduce government borrowing.

For two months, Gov. Dannel P. Malloy's labor negotiators have been meeting privately with the leaders of 15 state employee unions, trying to come up with $2 billion in labor savings over two years to help balance Connecticut's budget.

California's state and local government workers make salaries similar to those at large private-sector employers but get significantly higher retirement benefits.

New Hawaii government employees will work more years, contribute higher amounts toward their pensions and get paid less after retirement, according to sweeping proposed changes to the state's underfunded pension system.

A U.S. Treasury Department advisory committee is wondering whether the department could come up with new types of financial instruments that could help pension managers do a better job of handling plan obligations.

Of all the latest regulations, those concerning 401(k) fee disclosures have been the most talked about.

Unions representing hundreds of thousands of public employees in Illinois are joining forces to protect their pensions as officials look for ways to close a massive budget deficit.

Work on pension legislation in the Kansas Legislature stalled Tuesday when House members pressed for a vote in the Senate on creating a 401(k)-style retirement plan for teachers and government workers instead of studying the idea.