Stand - up comedian Randy Credico, who helped bring about reform of the state's Rockefeller Drug Laws, is now setting his sights on the New York state comptroller's office, where he is protesting against
state pension fund investments in the private prison industry.
The controller previously raised concerns over
state pension fund investments when the strike loomed.
And Cuomo traded blows with two other rival Democrats, Comptroller Thomas DiNapoli and Attorney General Eric Schneiderman, blaming them most recently for not catching on to a bribery scheme involving
state pension fund investments.
He was involved in Hevesi's pay - to - play
state pension fund investment scam through the «Common Retirement Fund,» of which Hevesi had sole authority over from 2003 to 2006.
NJBiz Bills would restrict
state pension fund investment options NJSpotlight New Jersey Hit With...
Not exact matches
Japan's government loosened laws on
pensions in May, allowing almost all working - age Japanese to join private defined - contribution retirement plans — similar to individual retirement accounts (IRAs) in the United
States that allow workers to make regular contributions to an
investment fund with tax breaks.
Other top
pension PE players over the same period were the Teacher Retirement System of Texas (15.5 percent); the Houston Firefighters» Relief and Retirement
Fund (13.6 percent); the Minnesota
State Board of
Investment (14.4 percent); and the Iowa Public Employees» Retirement System (14.1 percent).
To try to close the gap, many
states have shifted
pension fund assets into stocks and alternative
investments like hedge
funds.
In short, because they pool longevity risk, can offer a well - diversified portfolio with longer - term
investments, and are professionally managed, public
pension funds deliver the same level of benefits as DC plans at only 46 percent of the cost.15 Any
funds invested with the
state pension fund would be kept in a separate
investment pool from public sector
funds.
The code allows the
state's trustees, who manage the
state pension fund, «to invest any
funds of the trust in any instrument, obligation, security, or property that constitutes legal
investments.»
The board of trustees would contract out the
fund's
investment and management to the
state pension fund (s).
The New York City Employees» Retirement System; the New York City Fire Department
Pension Fund; the New York City Teachers» Retirement System; the New York City Police
Pension Fund; and the New York Board of Education Retirement System, as joint filers (NYC Retirement System), c / o The City of New York, Officer of the Comptroller, 633 Third Avenue, 31st Floor, New York, New York 10017, which in the aggregate held 12,707,578 shares of common stock on November 15, 2011, the New York
State Common Retirement
Fund, whose address is the same as that of the NYC Retirement System, which held 19,560,008 shares of common stock on November 22, 2011, and the Illinois
State Board of
Investment on behalf of the
State Employees» Retirement System of Illinois, c / o 180 N. LaSalle Street, Suite 2015, Chicago, Illinois 60601, which in the aggregate held 928,927 shares of common stock on November 18, 2011, the Judges» Retirement System of Illinois and the General Assembly Retirement System of Illinois, as co-filers, intend to submit a resolution to stockholders for approval at the annual meeting.
Alongside BGH, started by Ben Gray in 2017, is
pension programme AustralianSuper, Singapore state investment fund GIC, Ontario Teachers» Pension Plan and Canada Pension Plan Investment
pension programme AustralianSuper, Singapore
state investment fund GIC, Ontario Teachers» Pension Plan and Canada Pension Plan Investm
investment fund GIC, Ontario Teachers»
Pension Plan and Canada Pension Plan Investment
Pension Plan and Canada
Pension Plan Investment
Pension Plan
InvestmentInvestment Board.
The problem is that the
state - mandated
pension plans for school - district employees are defined benefit plans, which means the amount of future benefits is guaranteed and has to be
funded by the taxpayers and / or
investment income.
Blue
states lead lagging US on environmental, social and governance (ESG) investing;
pension funds hold
investment managers accountable.
Last month, Democratic New York Gov. Andrew Cuomo announced plans to have the
state pension funds also divest from fossil fuel
investments.
Brought together as part of the Farm Animal
Investment Risk & Return (FAIRR) initiative, they include the
fund arms of insurer Aviva and Norwegian lender Nordea, asset management groups Boston Common and Impax, several Swedish
state pension funds and several other charities and ethical investors.
NYC Mayor Bill de Blasio and Comptroller Scott Stringer say the divestment of roughly $ 5 billion in fossil fuel
investments out of a total of $ 189 billion over five NYC
pension funds is the largest of any municipality in the United
States to date.
A
state Supreme Court justice Tuesday upheld a felony - coercion charge against Giridhar Sekhar, of FA Technology Ventures, who allegedly sought to force a top aide to
state Comptroller Tom DiNapoli to place a $ 25 million
pension -
fund investment with his firm.
New York Governor Andrew Cuomo previously has said he planned to halt future fossil fuel
investments in the
state's public employee
pension fund.
Faso was never accused of a crime or personally held liable for the improper
pension contact, but the Albany Times Union cited «a source close to the investigation» in reporting that «Faso arranged or tried to arrange meetings between the
investment firm Kellner DiLeo & Co. and officials at the
state Common Retirement
Fund, as well as the teachers, police and firefighter
funds.»
The companies also would be ineligible for
investments from the
state's
pension fund.
«We are pleased to be an
investment partner with the Community Preservation Corporation on this shared mission to help revitalize New York's communities and increase the availability of affordable housing,» said New York
State Comptroller Thomas P. DiNapoli, trustee of the New York state pension
State Comptroller Thomas P. DiNapoli, trustee of the New York
state pension
state pension fund.
Forand also cited DiNapoli's audits of
state and local governments and school districts that save taxpayers millions of dollars statewide while using the
investment clout of the
pension fund to influence corporate behavior such as in addressing climate change.
A recent survey of 97 sovereign investors — which include sovereign wealth
funds,
state pension funds, central banks and government ministries collectively holding # 9 trillion of assets - by Invesco found they see the UK as a less attractive destination for
investment.
A combination of budgeting practices, a well -
funded pension system and structurally wealthy economy that relies on Wall Street led to Moody's upgrading the
state's credit rating to Aa1, according to a report released Wednesday by the the
investment service.
Tax returns for
state Comptroller Thomas DiNapoli show the sole trustee for the $ 152 billion
pension fund received almost $ 9,000 from
investments and interest on top of his $ 146,838 public salary in 2012.
In a statement, he assailed «Mr. DiNapoli and his surrogates (for trying) to score political points by making irresponsible and erroneous accusations about my future
investment strategies for the
state pension fund.
State Comptroller Thomas DiNapoli says it's good for the planet and it's also a good
investment for a
fund which always needs to pay those monthly
pension checks.
DiNapoli says he'll use his influence as trustee of New York's $ 192 billion dollar
state pension fund to «seek out sustainable
investments and changes in corporate behavior» to help the Paris Agreement «become a reality».
Apprenda, a software firm whose headquarters are on River Street, has received $ 1.2 million in
investments from the New York
State Pension Fund's in - state private equity investment pro
State Pension Fund's in -
state private equity investment pro
state private equity
investment program.
Rounding out the plan is a large section focused on workplace issues, including previously announced proposals to combat sexual harassment in the workplace and urging the
state pension fund to prioritize
investments in companies that have «adequate» women and minority leadership.
«As fiduciary of the
state pension fund, securing sound
investments for the more than one million members, retirees and beneficiaries is my first priority.
Two bills with bipartisan support in the
State Legislature would create a list of companies that are boycotting Israel and then deny them state contracts and investments from the state pension
State Legislature would create a list of companies that are boycotting Israel and then deny them
state contracts and investments from the state pension
state contracts and
investments from the
state pension
state pension fund.
A s a director of the New York
State Common Retirement
Fund, Navnoor Kang allegedly took $ 1 million worth of bribes to steer $ 2 billion in pension - fund investments to tw
Fund, Navnoor Kang allegedly took $ 1 million worth of bribes to steer $ 2 billion in
pension -
fund investments to tw
fund investments to two...
Hevesi admitted to using his control over the
state's
pension fund, now at $ 130 billion, to steer $ 250 million in
investments to a private equity
fund that paid him handsomely: $ 75,000 in trips to Israel and Italy for him, his adult children, and people from his staff; $ 500,000 in campaign contributions, and $ 380,000 in make - believe consulting fees to a lobbyist allied with Hank Morris, Hevesi's political guru.
They discuss firearm
investments in the
state pension fund, political spending by corporations, and the Tappan Zee project.
Just two days after New York legislators passed first - in - the - nation gun law reforms in response to the Sandy Hook Elementary School shootings, the
state's chief financial officer says
pension fund investments in firearm companies have been frozen.
«
Pension fund managers across the country have cut or eliminated exposure to these overpriced and underperforming investments, while the Office of the New York State Comptroller has stood still and spent pension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent Maria
Pension fund managers across the country have cut or eliminated exposure to these overpriced and underperforming
investments, while the Office of the New York
State Comptroller has stood still and spent
pension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent Maria
pension system
funds chasing performance that continues to fall far short,» said Financial Services Superintendent Maria Vullo.
The New York
pension fund for
state and local government workers shows an
investment return of less than 1 percent for the last quarter with an estimated value of $ 182.5 billion.
Gov. Andrew Cuomo is proposing that the massive
state Common Retirement
Fund stop new
investments of
pension assets in companies connected to fossil fuels.
DiNapoli on Thursday announced he had issued a shareholder request that would lever the
state's
pension fund investment in the company to disclose political giving by Aetna.
A bill with bipartisan support in the
state Legislature would create a list of companies that are boycotting Israel and then deny them
state contracts and
investments from the
state pension fund.
The SEC complaint, filed Thursday in U.S. District Court in Manhattan, alleged that Quadrangle improperly obtained a $ 100 million
investment from the New York
state pension fund with «quid pro quo» arrangements.
Rattner's former firm, Quadrangle Group, has said Rattner arranged payments of more than $ 1 million to a political operative to obtain a $ 100 million
investment from the New York
State Common Retirement
Fund, one of the largest
pension systems in the country.
The
state comptroller, Thomas DiNapoli, and the New York City comptroller, William Thompson Jr., have proposed banning
pension fund investments that involve placement agents.
According to the SEC complaint, the $ 100 million
investment from the New York
pension fund came only after the Quadrangle executive arranged for a Quadrangle affiliate to distribute the DVD of a low - budget film called «Chooch,» which was produced by the brother of former New York
state deputy comptroller David Loglisci.
Recently, the Rhode Island
State Investment divested
pension funds from Third Point LLC, a hedge
fund owned by StudentsFirstNY board member Daniel Loeb.
Over the past legislative session, the issue of divesting
state pension funds of fossil fuel investments received considerable debate both in the State House and around Ver
state pension funds of fossil fuel
investments received considerable debate both in the
State House and around Ver
State House and around Vermont.
Using the
State Pension fund to legitimately lend the
State money as an
investment rather than the
State issuing bonds for smoothing spending is an intelligent idea, but with the same terms and conditions as any bond issuance would have.