An attempt by Acting Attorney General of New Jersey John J. Hoffman to find the 2011 pension reform Governor Christie signed into law unconstitutional failed.
The Center for State and Local Government Excellence examined four public pension systems with a long tradition of being well-funded to determine what they have in common.
President Barack Obama said he expects opposition from special interest groups to the pending fiduciary rule, even though specifics of the rulemaking have not yet been disclosed.
An independent fiduciary decided a transaction split between Prudential and MassMutual was the safest available annuity structure to provide retiree benefits.
The Obama Administration is strongly backing the Department of Labor’s ongoing fiduciary redefinition effort, with the president advocating for a strengthened fiduciary standard amid a flurry of industry...
Advice has taken on new dimensions in the retirement space, according to Cerulli Associates, and is often implemented automatically and without requiring input from the recipient.
Plaintiffs’ attorney Jerry Schlichter says the settlement is the largest result for a 401(k) excessive fee claim ever levied against a single employer in the United States.