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Claimants say funds within the defined-contribution plan were managed in ways that 'departed dramatically from prevailing standards' of professional asset managers.
Budget deal includes 'very large' premium increases, which critics worry will accelerate de-risking.
For pension plan sponsors, the latest change to SOA mortality projections is a little bit of good news.
The IRS won't switch to the new numbers until 2017.
Recent study estimates defaults on plan loans cost retirement savers $6 billion annually.
Treasury, IRS prohibit lump-sum buyouts for retirees already receiving pensions.