Watch breaking news videos and read news updates about Legislative Branch on pionline.com
Senate panel advances Perez nomination for labor secretary
Thomas E. Perez was approved for confirmation as secretary of labor by the Senate Health, Education, Labor and Pensions Committee on Thursday.
Sherwin-Williams agrees to add $80 million to ESOP to settle DOL charges
Sherwin-Williams Co. will put $80 million into its employee stock ownership plan to settle charges by the Department of Labor that it mismanaged the plan to take advantage of tax breaks.
Universal private retirement system within two years, Harkin pledges
Sen. Tom Harkin, D-Iowa, vowed to have legislation creating a universal private retirement system enacted before he retires from the Senate at the end of 2014.
ICI survey: Americans back tax breaks for defined contribution plans
Just as President Barack Obama is calling on Congress to close tax loopholes and deductions to reduce the deficit, Investment Company Institute is touting a survey that shows a majority of Americans don't want lawmakers to change tax incentives for retirement savings.
Sen. Harkin named Legislator of the Year
Sen. Tom Harkin, D-Iowa, was named Legislator of the Year by the National Conference on Public Employee Retirement Systems on Monday.
'Bare-bones' resolution to budget crisis seen as most likely
Any fiscal-cliff resolution is being seen as nothing more than a “bare-bones” extension approved by the end-of-the-year deadline.
Stocks fall for fifth day as fiscal cliff looms
Stocks fell for a fifth day on Friday, the longest slump since September, as lawmakers prepared for talks to avoid the fiscal cliff of spending cuts and tax increases looming in January. Treasuries extended a weekly gain.
Stocks trim losses as House sets Sunday session over budget impasse
Stocks on Thursday pared most of their early declines as the House of Representatives was said to plan a session on Sunday, fueling optimism a budget deal will be reached.
Profiteers and politicians: Two groups that need to clean up their acts
As politicians in Washington consider a resolution to the Fiscal Cliff, they could learn important lessons from people's opinion of profiteering.
Poll results: How significant would a cut of retirement plan tax incentives have on savings?
Eighty-three percent of Pensions & Investments readers believe a cut of retirement plan tax incentives would have a negative impact on retirement savings.
ASPPA launches grass-roots Save My 401k campaign
The election season might be over, but the American Society of Pension Professionals & Actuaries has borrowed a chapter from grass-roots organizers with a new campaign to deliver a simple message to members of Congress.
New House Financial Services Committee chairman a Dodd-Frank foe
One of the few leadership changes in the 113th Congress beginning in January 2013 is in the House Financial Services Committee, which will be chaired by Jeb Hensarling, R-Texas, an outspoken critic of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Retirement industry likely to go on defensive no matter who wins - Pensions & Investments
The conventional wisdom is again wrong. Many believe the retirement industry would gain in a Republican sweep on Election Day. But in reality, neither party's victory would be an unambiguous positive.
Bill seeks government sale of GM stock to fund Delphi pension benefits
Sen. Sherrod Brown will introduce legislation to use certain proceeds from the federal government's sale of stock of General Motors Co. to restore full pension benefits for non-union Delphi Corp. retirees.
Harkin proposes universal pension coverage
Senate Health, Education, Labor and Pensions Committee Chairman Tom Harkin, D-Iowa, unveiled two proposals Friday to address what he calls “disappearing pensions,” including a new type of private retirement system offering universal coverage through automatic payroll deductions with professional ...