pension liability News

Supreme Court Allows GM Workers’ Pension Claim Against State Street Bank

The U.S. Supreme Court is allowing General Motors Co. employees whose pension plans lost money to pursue their case against a State Street Corp. unit over its management of their retirement savings plans before the automaker went bankrupt. Without comment, …

Transfer of Pension Risk to Insurers Gaining Favor

Last week’s deal by Prudential Financial to take on $26 billion of the retirement liabilities of General Motors has reignited a part of the American insurance market that had been bouncing along the bottom in recent years. But experts in …