A representative of Illinois’ speaker of the house—who voted for the funding break—says lack of reform on Wall Street is blame for the current shortfall.
A fall in the three-month average in interest rates has resulted in higher liabilities for Dutch schemes, putting them in the firing line of the regulator.
Rising rates would hit the end people nearest retirement disproportionally hard, according to a Casey Quirk paper, as glide paths derisk approaching their target date.