Six of Seven Largest
Public Pension Funds Using Glass Lewis Proxy Services SAN FRANCISCO, CA (Oct. 31, 2005)-- Glass, Lewis & Co., the leading independent investment research and global proxy advisory firm, announced today -LSB-...]
Not exact matches
Public employee
pension funds are vulnerable to being
used as a vehicle for advancing political / social goals unrelated to shareholder interests generally.
The changes also will force some
public pension funds to calculate retirement benefits
using more conservative assumptions.
Joe Guinan, a senior fellow, has argued that cooperatives are insufficient in themselves, but should be
used as a jumping off point for more scalable forms of democratic wealth - holding, such as
public banking and «
pension fund socialism».
«The individuals in my district are incredibly hard - working people, and there is no reason they should be
funding the
pensions of
public officials who choose to
use their position in government to break the law.
Connecticut State Treasurer Denise Nappier said the state is open to selling
public pension funds» positions in firearm manufacturers if the companies don't take measures to curb gun
use by dangerous people.
DiNapoli has suggested his office should be
used as a test - case for
public campaign financing at the state level to get out from under the pay - to - play
pension fund scandal of his predecessor.
The governor also said he would push for a change to the state constitution that would deprive a convicted
public official of a
pension, end the
use of campaign
funds for personal
use and curtail legislative «per diem» payments to cover only actual expenses.
The conference plans to back measures that would strip
public employees convicted on corruption charges of their
pensions, as well as new regulations for the
use of campaign
funds.
Their package includes plans for a
public funding of political campaigns, retroactively stripping
pension beneifts of a
public official who has been convicted of felony corruption charges, restricting the
use of campaign
funds for criminal defense and tighten campaign disclosure reports to identify lobbyists.
That means greater disclosure of business and law clients from legislators» side jobs, a ban on the personal
use of campaign
funds, greater safeguards for per diem reimbursement,
pension forfeiture for lawmakers convicted of
public corruption and greater disclosure by independent expenditure campaign accounts.
More is needed including, in due course, looking at
public land and the
use of
pension funds to drive this essential growth.
Cuomo wants to force legislators to disclose all outside income, eliminate
pensions for lawmakers convicted of
public corruption and stop the
use of campaign
funds for personal expenses.
The «End New York Corruption Now Act» would also expand the powers of the attorney general's office to prosecute
public corruption, create new criminal categories for undisclosed self - dealing and bribery, and change the
pension forfeiture rule passed earlier this year to prevent state
funds being
used even to provide for a convicted official's spouse or children.
Supporters of Mr. Cuomo's proposals — which include increased disclosure of outside income, restricting personal
use of campaign
funds and
pension forfeiture for
public officials convicted of crimes — say they would probably cost little to put into effect.
Cuomo outlined several changes he said should take place, including full disclosure of all outside income for legislators; stopping the personal
use of campaign
funds; updating campaign finance laws to require more disclosure; and removing state
pensions from lawmakers convicted of
public corruption.
Cuomo proposes to extend a system of
public campaign finance to all statewide offices and legislative races, ban the
use of campaign
funds for personal expenses, require the disclosure of outside income and the clients who supported it and change the state Constitution to allow prosecutors to claw back the
pensions of officials convicted of
public corruption.
In his first budget address to the legislature, Murphy said he would
use the extra revenue to ramp up state aid for school districts, increase
funding for the beleaguered NJ Transit and a make a larger payment into the cash - strapped
public worker
pension system.
THAT NYSUT establish a task force which shall include member - participants in each of the
public retirement systems, including the retirement plan trustees, if applicable, to discuss possible methods, including legislation, to harness and
use public pension plan resources to improve poor labor practices and to provide workers the right to organize and bargain collectively in enterprises controlled by private equity
funds, as well as other corporate interests; and
where hedge -
fund dollars are
used to support causes ranging from criminal justice reform to reducing the costs of
public pensions (including those held by veteran teachers).
Teach for America's major donors include the Bill & Melinda Gates Foundation; the Walton Family Foundation, run by the heirs to the Walmart fortune; the Eli & Edythe Broad Foundation, run by the real estate billionaire and Democratic donor; and the Laura and John Arnold Foundation, where hedge -
fund dollars are
used to support causes ranging from criminal justice reform to reducing the costs of
public pensions (including those held by veteran teachers).
What he said was that instead of
using that money to fully
fund pensions promised to
public sector employees — teachers and school employees — instead we were
using it to hire extra staff.
Don says — Now that Brown has
used Prop 30 to
fund some of the
pension liability (rather than to save
public education as 30 was sold to the
public) and dumped the rest of the liability on districts how much will students get?
3) National: David Webber urges a rule change by the Labor Department to ensure that
public pension trustees act in the interest of
public employees, and not
use pension fund money to promote outsourcingto private, for - profit companies that kill
public jobs.
Institutions such as governments and corporations
use the capital markets to raise money through
public offerings of bonds and stocks or through private placements of securities to institutional investors such as
pension funds and insurance companies.