Legal

Headley: “The Consumer Federation of America’s claim that the fiduciary standard of care provides better protection for consumers is a myth."

The Consumer Federation of America (CFA) says opponents of a uniform fiduciary standard have provided no evidence that a uniform standard would increase the cost of investment services.

More than 100 General Motors Co. executive retirees have sued the company for failing to pay pension benefits after the automaker’s historic bankruptcy in 2009.

A bill attacking the long-term funding problems of Kansas' public pension system is close to clearing the Legislature, though some Republicans are disappointed it won't start a 401(k)-style retirement plan for new teachers and government workers.

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.