In 2013, the funded status improved dramatically for most pension plans in the United States. Still, many analysts expect pension de-risking to continue this year. Some plan sponsors will likely offer lump-sum buyouts to participants. Others are reconsidering their asset allocations.
The American Civil Liberties Union of Delaware on Tuesday filed a lawsuit in Delaware Court of Chancery, accusing the state of violating a requirement in the state constitution to ensure adequate education funding for disadvantaged students.
House bill establishing national policy would exempt companies from tougher state, local rules.
Insurer disclosed in filing that it failed to pay monthly pension benefits to some retirees.
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