Puerto Rico’s governor announced Tuesday that a federal control board reached a key deal that would reduce the U.S. territory’s overall debt by nearly 80%, but that his administration is rejecting it amid concerns about cuts to the island’s crumbling public pension system.
Read moreA federal court in California dismissed a securities class action brought by firefighter and policemen’s pensions funds against Nektar Therapeutics over alleged false claims about the efficacy cancer treatment drug.
Read moreA Texas man is asking a federal judge to strike down a state law blocking agencies from working with companies boycotting Israel, claiming it forced a major state employee pension fund to divest $68 million in stock from a Norwegian firm to the detriment of pension holders.
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The pension fund for employees of British multinational food manufacturer United Biscuits cannot dodge paying value-added tax on its investments, the European Court of Justice held Thursday.
Read moreA local branch of the Service Employees International Union claims in a federal lawsuit that the Chicago Cubs did not provide materials needed for an audit of the baseball team’s pension plan.
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In an unanimous ruling Thursday, the California Supreme Court upheld the constitutionality of a 2013 pension reform law forbidding public employees from cashing in on unused sick and vacation time to increase their pension benefits, finding the Legislature should be allowed to “close loopholes and foreclose opportunities for abuse.”
Read moreKentucky is accusing hedge-fund sellers and retirement-fund overseers of sinking its public employees and retirees into a financial quagmire that will require an extra annual $1 billion “indefinitely” to remedy.
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The Supreme Court closed the book Monday on a suit claiming that managers of U.S. Bank’s retirement plan made investment decisions that broke federal law.
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The California Supreme Court took up the contentious and seemingly unending battle over public employee pension reform Tuesday, questioning whether employees have a vested contractual right to pad their pensions.
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Italy can tax its citizens’ public sector pensions even if they moved to another country, Europe’s highest court ruled Thursday.
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The French government faced down two no-confidence votes Wednesday over an overhaul of the country’s byzantine pensions system, a key victory after fierce protests and a massive transport strike that brought France to a standstill for weeks this winter.
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The Supreme Court on Monday vacated a ruling out of Puerto Rico that set payment and seizure orders over a disbanded pension plan for Roman Catholic school employees.
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Tens of thousands of protesters returned to the streets in France on Friday to express their anger over proposals to overhaul the country’s pension system, but there are signs long-running strikes are waning.
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Long-running strikes by trade unions over French President Emmanuel Macron’s push to overhaul the nation’s retirement system will continue despite a compromise offer by the government.
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France was seized by a new wave of nationwide strikes on Thursday by a spectrum of workers angry over the government’s plans to overhaul the nation’s public retirement system.
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Paris Opera has lost more than $13.3 million in a month-long strike by ballet dancers fighting to cling onto pension rights that date back to the “Sun King” Louis XIV.
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Nationwide strikes against French President Emmanuel Macron’s plan to overhaul France’s pension system will enter the New Year and become France’s longest-running rail strike in the country’s history.
Read moreNorthrop Grumman claims the United States owes it $7 million in pension-related costs, in the Court of Federal Claims.
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Christmas Day brought no respite for travelers in France as a transport strike entered its fourth week, ruining the plans of thousands wanting to celebrate with loved ones.
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