Sentences with phrase «pension trustees v»

TTG Pension Trustees v Board of the Pension Protection Fund [2014] EWHC 174 (Ch): this case concerned the determination of the pension fund's assets, in respect of a guarantee provided by the principle employer of this private - sector scheme.

TTG Pension Trustees v Board of the Pension Protection Fund (Ch Div, 2014)[2014] EWHC 174 (Ch) John acted for the pension trustees in an appeal against a decision of the PPF.

These criticisms of the decision in HF Pension Trustees have now been vindicated by the decision of the House of Lords in Haward.

Not exact matches

The board of trustees would contract out the fund's investment and management to the state pension fund (s).

The Comptroller serves as investment advisor, custodian and a trustee to the New York City Pension Funds, which have more than $ 160 billion in assets and a long history of active ownership on issues of corporate governance and sustainability.

In addition, she has served on the Pension Plan Board of Trustees of the University Health System in San Antonio and is currently a trustee of the Southwest Research Institute and on the Development Board of the University of Texas Health Science Center San Antonio.

The Times thinks Hevesi's plea has «provided the best argument» for doing away with the sole trustee model of overseeing the pension system.

«As a fiduciary of the New York City Employee Retirement System for the last 8 years, Scott has worked with his fellow trustees to grow the City's pension funds through prudent investments, improving diversification and ensuring more rigorous assessment of risks to investments such as corporate accountability and violations of environmental regulations.»

But the Pensions Regulator had reacted to this by insisting that trustees could not make any allowances for the unprecedented low gilt yields, for example, which made a bad situation worse.

As the State University's Rockefeller Institute pointed out in 2014, pension - fund managers and trustees have been embracing «potentially destructive myths and misunderstanding» about the true costs and risks associated with their promises.

As a trustee of the City's largest public pension fund, I have repeatedly called for the divestment of all public pension dollars from gun retailers and manufacturers, and I am encouraged by the Mayor's call today to divest from assault weapon manufacturers.

He is the sole trustee for the state pension funds (and has increased the fund by almost 60 percent during his tenure).

The New York Times in an 02/04/08 article (Investigation Into Bruno Broadens) claimed that a number of trustees of the pension funds invested with Wright had long time political relationships with Senator Joe Bruno.

New York has often been a beacon of progressive action; that's why we're coming together to call on Comptroller Scott Stringer and pension trustees stand with us on the right side of history.»

Many of my constituents who are on occupational schemes, mostly from British Telecom, have found that their pensions have been changed only two years after they were renegotiated between the trustee and the pensioners.

His experience as a trustee of the New York City Employee Retirement System — where he has helped to grow the city's pension funds and advance important shareholder initiatives around corporate governance, environmental stability and workplace safety — positions him to be a great comptroller.

The governor is a big proponent of pension reform, particularly when it comes to oversight of the pension system, which he would like to see under control of a board and not a sole trustee (the state comptroller).

Since then, she has co-chaired his transtition committee, become a NYPA trustee and been a staunch advocate for a number of his policies, including his controversial pension smoothing proposal that has caused so much friction between Cuomo and his hand - picked state Democratic Party co-chair, Syracuse Mayor Stephanie Miner.

The goal was to educate and build the skills of fund managers and pension fund trustees on the two new sub-asset classes which had been created under the pension scheme to be invested in private equities.

ALBANY, N.Y. (AP)-- The trustee of New York's $ 150.1 billion pension fund has reached an agreement with Cabot Oil and Gas Corp. to disclose what it's doing to reduce risks of hydraulic fracturing, or fracking.

Lord Mandelson tonight raised the stakes in the battle over the future of the Royal Mail by releasing a letter from its pension trustees warning that if part privatisation does not go ahead, staff may have to see the value of their pension slashed in half.

This finding was substantiated by the Pension Funds» counsel, which concurred that divestment would not violate the Trustees» fiduciary duty.

As fiduciaries, the Comptroller and fellow Trustees are able to consider divestment only when an analysis finds that the move would add minimal to no risk to the pension funds.

Matthew Cordaro, a former Long Island Lighting Co. executive who is now a LIPA trustee, said the additional pension costs point to the potential pitfalls of the public - private partnership under which LIPA has operated since its 1998 takeover of the electric grid.

«The Minister has just said that the Government proposals would provide greater security for postal workers» pensions, but can he confirm that clause 19 (6)(b) of the Postal Services Bill provides that this or a future Government could waive the pension guarantee and vary the terms of the postal workers» pensions without the approval of the trustees, who will lose their power to protect the pensions under the provisions of the Bill?

Wall Street got next to nothing for pensions as most trustees have their own employees to manage the funds.

DiNapoli has filed a shareholder request as the trustee of the state's pension fund to have the company disclose the spending, which is due to be voted on Wednesday.

James, a trustee of the city's largest pension fund, said she would introduce a bill prohibiting the city from signing contracts with firms involved in the wall project.

«DFS has decided to take a new approach to pension fund oversight,» Lawsky wrote in letters to state Comptroller Tom DiNapoli, the trustees of the Teachers Retirement System, and New York City Comptroller John Liu, who runs the city's funds.

Gov. Andrew Cuomo maligned the fact that New York's pension fund is run by a sole trustee (the comptroller), while other states have a board that runs their funds.

Lt. Michael Andreano was granted an accidental - disability retirement by the Police Pension Fund's Board of Trustees last week despite having been hired following shoulder surgery, law - enforcement sources said Monday.

Cuomo, dating back to his days as state attorney general, has proposed that New York end the days of a single person — the state comptroller — serving as the pension's fund sole trustee.

Trustees of public pensions have a fiduciary duty to realize expected returns.

The governor has had DFS looking into the Common Retirement Fund, the $ 178.6 billion pension system for which Mr. DiNapoli is the sole trustee under state law.

The Texas Retirement System Board of Trustees had scheduled action during its April meeting to lower the pension fund's assumed investment return rate — a key financial benchmark in evaluating the health of the pension fund — from the current 8 percent.

Kevin Huber, the current head of the Chicago Teachers» Pension Fund, says most people involved in the teachers» pensions (whether it be the pension fund board trustees or the teachers themselves) felt that they already had a good thingPension Fund, says most people involved in the teachers» pensions (whether it be the pension fund board trustees or the teachers themselves) felt that they already had a good thingpension fund board trustees or the teachers themselves) felt that they already had a good thing going.

Instead of the workers and retirees electing a majority of the trustees of each fund, like the Chicago Teachers Pension Fund, under Cross's plan each fund would have seven trustees — four of whom would be appointed by Chicago's Mayor or the President of the Cook County Board.

I've been reading about pensions and specifically the LTA (Life Time Allowance), and after spending days reading everything anyone has to say about it, the only thing I'm sure of is that there are many pension administrators / trustees and various other news / journal websites who at least seem to have different ideas about how the LTA works.

Trustees need to have commenced the market - linked pension before the 20 September 2007 deadline if they wanted to receive the 50 % asset exemption.

If your fund has failed to meet the pension standards because the trustee has not paid the minimum annual pension payment amount, there are limited circumstances where the Commissioner may allow the fund to continue to claim exempt current pension income (ECPI).

Pension plans have employers as grantors, employees as beneficiaries, and (usually) a third party as trustee.

Given the low rate of tax paid by superannuation funds, their ability since 2000 to recoup excess franking credits, and the large difference in tax effect between working and pension members, one would assume that super trustees would be among the most tax aware of investment fiduciaries.

PBGC has taken over as trustee of your pension plan.

If the trustee of the SMSF can demonstrate all reasonable steps had been taken to ensure the pension payment would be processed prior to 30 June and it was something outside the trustee's control that prevented the payment from being made, we may consider applying the exception to allow the fund to continue to claim ECPI.

This would not ordinarily be a case where the Commissioner would treat the pension as continuing and a trustee would need to demonstrate that matters outside of their control affected their ability to meet the minimum pension requirements.

The minimum pension requirement would not be satisfied in the relevant year and the trustee would need to demonstrate that matters outside of their control affected their ability to meet the minimum pension requirements.

Trustee had to travel overseas on short notice to attend to a crisis related to their business and does not make the June monthly pension payment until the following income year.

Where the TRIS meets all the standards of an account - based income streams and the trustee has failed to pay the annual minimum pension amount, the exception may be considered.

A trustee will need to write in and outline why they did not meet the minimum pension payment requirements for us to consider their entitlement to the exception, where either — they have:

Subject to satisfying all of the conditions, the trustee may be able to apply the exception to treat the fund as having continuously paid Pension 2 despite the underpayment.