US - New York state comptroller Thomas DiNapoli has axed pension rights for six more officials as part of an investigation into the state retirement system.
DiNapoli said: "We're moving forward, case by case. We're conducting a rational, in-depth examination to make sure pensions are only going to those people who have earned them. And we'll make sure that local taxpayers are made whole."
The most recent changes affect three attorneys who have had State and Local Retiremtn System membership revoked, and two further lawyers and an accountant who have had retirement system service credit rescinded.
In a single case, one of the lawyers involved was wrongly listed as an employee of two Long Island public libraries and the Franklin Square Union Free District School.
It is not clear whether the mis-categorisations of employees were carried out deliberately, but DiNaopli's office has pledged to recover benefits paid erroneously.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.