Last week, the American Academy of Actuaries released the results of a study on the funding deficit for the single-employer pension program of the Pension Benefit Guaranty Corporation (PBGC). The PBGC, which protects pension plan participants in the event of a plan sponsor’s failure, is funded by the premiums plan sponsors pay. The organization reported a deficit of $29.1 billion for the fiscal year ended September 30, 2012. (The multi-employer program reported an additional deficit of $5.2 billion, which was not considered in the American Academy of Actuaries study.)
House bill establishing national policy would exempt companies from tougher state, local rules.
Under a proposed policy change approved Jan. 11 by the State Bar of Texas Executive Committee, the bar’s board would decide whether to uphold executive director decisions to withhold bar records requested by officers or directors of the organization.
"I have decided not to contest certain allegations and agree to resign," Judge Elizabeth W. Johnson said in a letter. "This is so voters can make a reasoned and informed choice about who should be their next judge without distractions about me."
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