Senate repeals Labor Dept. municipal retirement plan rule

A divided U.S. Senate on Thursday killed a regulation that had exempted city-run retirement savings plans for low-income workers from strict pension protection laws.Utah Republican Orrin Hatch, the resolution's sponsor, has said he expects the Senate to soon repeal a related rule on state-operated retirement plans.States are farther along establishing retirement programs for people who do not have workplace savings plans, and Republicans who advocate for states' rights are more skeptical of the