More than a decade after the bottom fell out the U.S. economy and the housing market tanked, multinational investment company Morgan Stanley has agreed to pay California $150 million to settle claims the company hid the riskiness of mortgage-backed securities sold to the state’s public employee pension funds.
Read moreThe Ninth Circuit affirmed that City National Bank engaged in self-dealing and breach of fiduciary duties in its employees’ 401(k) plans, compensating itself with self-approved fees from the plan’s assets.
Read moreDignity Health and its workers have with the help of a mediator reached a settlement “in principle” to end a six-year-old class action accusing the hospital system of underfunding its employee pension plan by $1.5 billion.
Read moreWASHINGTON (AP) — The Pentagon is planning to tap $1 billion in funds from military pay and pension accounts to help President Trump pay for his border wall, a top Senate Democrat said Thursday.
Read moreCalifornia public employees aren’t entitled to a perk that allowed them to boost their pension payouts, the California Supreme Court ruled Monday.
Read moreA retired U.S. marshal prevailed at the Supreme Court on Wednesday in alleging that West Virginia discriminates by taxing his pension but not those of some state workers.
Read moreLondon’s famed Beefeaters and other workers at several Royal Palaces have gone on a rare strike in a dispute over pension payments.
Read moreMANHATTAN (CN) – Reviving securities fraud claims, the Second Circuit ruled Monday that IBM must face a suit by workers
Read moreCalling on California to sever ties with the private prison industry, a state lawmaker wants to nix contracts with for-profit prisons and ban the state’s public pension funds from ever investing in them again.
Read moreGreece’s bailout creditors have approved a request by the country to scrap pension cuts planned in 2019 after the country delivered a strong budget performance.
Read moreThe lower house of the Russian parliament has given its preliminary approval for a controversial bill that raises the eligibility ages for pensions, which has caused an outrage in Russian society.
Read moreCalling attention to a human rights crisis in Nicaragua, the United Nations says that the government’s response to widespread April protests has been to carry out extrajudicial killings, torture and other abuses.
Read moreAbout 45 minutes apart, a federal jury handed two guilty verdicts Wednesday to dapper union boss Norman Seabrook on fraud and conspiracy charges.
Read moreA local firefighters’ union claims Milwaukee has violated amendments to the city charter and the union’s collective-bargaining agreement by proposing to exclude agreed-upon pension offset payments from the calculation of their retirement benefits.
Read moreFacing skepticism from a Sixth Circuit panel, a lawyer representing a former lawmaker expelled from the Tennessee House of Representatives for sexual harassment allegations argued he had standing to sue the state in federal court because it took away his pension and lifetime health insurance.
Read moreThe California Supreme Court on Thursday reversed a lower court decision upholding San Diego’s pension reform ballot measure, finding the city’s former mayor skirted meet-and-confer rules with labor unions and used his influence to push the citizen’s initiative.
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