Sentences with phrase «city pension changes»

Not exact matches

Last week, New York City comptroller Scott Stringer called for similar changes in Facebook's board structure on behalf of the city's municipal pension fund, a significant investor in FacebCity comptroller Scott Stringer called for similar changes in Facebook's board structure on behalf of the city's municipal pension fund, a significant investor in Facebcity's municipal pension fund, a significant investor in Facebook.

Climate change activists around the city, including the leader of a Sunset Park group, are praising a decision by the de Blasio administration to divest $ 5 billion in pension holdings from companies dealing in fossil fuel.

However, by far the most expensive of all the public pension changes proposed this year — a restoration of generous disability retirement benefits for recently hired New York City police and firefighters — did not win approval before the legislative session ended.

Senator Savino, a former high ranking union official, says municipal union leaders in New York City have not yet been adequately briefed on a policy that would represent a big change for public pensions.

«Our current pension and benefit structure is simply not sustainable,» she said, but offered no specifics others than adding, «I urge both the mayor and our city's labor leader to be equally open to negotiating and making fair and responsible changes to meet the difficult challenges ahead.»

Despite climate change posing an immediate existential threat for New York, the pensions still invest heavily in fossil fuel companies.Recent reports have revealed, at business as usual, New York City is at risk for Sandy - like flooding at least every 20 years.

If the City Council requested changes to the pension system and the Legislators representing NYC carried it through the State Legislature, Ed Koch being unhappy with it is meaningless.

Mayor Michael R. Bloomberg proposed sweeping changes on Wednesday to New York's costly pension system, seeking to save billions of dollars by fundamentally altering long - established rules that have awarded generous retirement benefits to municipal workers and have deepened the city's financial hole.

But his proposal faces a potentially major obstacle because any changes in the city's pension system must be approved by the Legislature and the governor.

At issue is how to resolve the diminished disability benefits for New York City's uniformed work force following a change in 2009 that reduced the pension from 75 percent of a final year's salary to 50 percent.

A fight over disability pension benefits escalated on Friday, with the de Blasio administration defending its proposal and police and fire unions and members of the City Council claiming it short - changes uniformed workers, forcing them to choose between a better line - of - duty pension or a higher cost - of - living increase after retirement.

The demands, made in a meeting between city chief labor negotiator Jim Hanley and the Municipal Labor Committee, set the stage for a war with newly enraged labor leaders that would play out in Albany, which must sign off on pension - policy changes.

Comptroller hopeful and City Councilwoman Melinda Katz (D - Forest Hills) Monday called on the U.S. Securities and Exchange Commission to ratify proposed rule changes that would allow shareholders to nominate directors on corporate boards — a change she says would have tremendous impact on city pension fuCity Councilwoman Melinda Katz (D - Forest Hills) Monday called on the U.S. Securities and Exchange Commission to ratify proposed rule changes that would allow shareholders to nominate directors on corporate boards — a change she says would have tremendous impact on city pension fucity pension funds.

The pension change would cost the city an estimated $ 5 billion over 30 years.

The city adopted changes to our participation in the NYS police pension plan which will lead to more officers retiring after 20 years of service.

Her support is necessary because any pension changes require legislative action in Albany and the City Council.

In June 2012, San Jose mayor Chuck Reed convinced a seventy - to - thirty majority of his city's voters to endorse changes to pension and retiree health care plans for city workers.

In June of 2012, a majority of San Jose, CA voters approved changes to pension and retiree health care plans for city workers.

The unions want teacher raises and no changes to pensions, but the city is broke and facing massive budget shortfalls.

In addition to this effort, I authored the legislation creating the District's first Climate Change and Resiliency Commission; I led the fight to have the District's retirement and pension funds divest from carbon and fossil fuel investment holdings; I wrote several bills to expand opportunities for solar installation; and I led the effort to name 2018 as the Year of the Anacostia River to celebrate and bring attention to the river on the eastern half of our city.

Pension fund chiefs from California and New York City urged Exxon Mobil shareholders on Wednesday to back a measure that would force the company to finely detail how its business will be impacted as governments move to tackle climate change.

New York City is suing five of the largest oil companies over the billions of dollars it spends protecting the city from the effects of climate change, and it plans to divest its pension funds» $ 5 billion in assets involving fossil fuel producers, Mayor Bill de Blasio announced WednesCity is suing five of the largest oil companies over the billions of dollars it spends protecting the city from the effects of climate change, and it plans to divest its pension funds» $ 5 billion in assets involving fossil fuel producers, Mayor Bill de Blasio announced Wednescity from the effects of climate change, and it plans to divest its pension funds» $ 5 billion in assets involving fossil fuel producers, Mayor Bill de Blasio announced Wednesday.

Earlier this week, New York City Comptroller Scott Stringer appeared on CNBC's «Squawk Alley» on behalf of the city's pension funds and called for changes to Facebook's board, including bringing in new board members and an independent chairCity Comptroller Scott Stringer appeared on CNBC's «Squawk Alley» on behalf of the city's pension funds and called for changes to Facebook's board, including bringing in new board members and an independent chaircity's pension funds and called for changes to Facebook's board, including bringing in new board members and an independent chairman.

Pension funds aren't likely to make drastic changes to their allocations in order to achieve those yields, but they may be willing to get more comfortable with acquisitions in secondary cities, according to Mulvee.