US Labor Department concludes settlement restoring $32 million to Tribune Co. employee stock ownership plan

Workers, beneficiaries have retirement savings restored WASHINGTON, Feb. 23, 2012 /PRNewswire-USNewswire/ — The U.S. Department of Labor’s Employee Benefits Security Administration has announced that the Tribune Co., GreatBanc Trust Co. and various insurance carriers have completed funding of a global settlement in the amount of $32 million to be allocated…

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US Labor Department publishes final regulation to improve access to quality investment advice

Regulation implements prohibited transaction exemption under 2006 Pension Protection Act WASHINGTON — The U.S. Department of Labor’s Employee Benefits Security Administration today issued a final regulation that will enhance retirement security by improving workers’ access to quality fiduciary investment advice. The regulation implements a prohibited transaction exemption under an amendment…

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