Sentences with phrase «states public pension system»

Not exact matches

Over the past few years, public pensions including California Public Employee's Retirement System (CalPERs) and California State Teacher's Retirement System (Calstrs)-- the largest in the country by assets — have posting mediocre returns due to low interest rates and growing retirement obligapublic pensions including California Public Employee's Retirement System (CalPERs) and California State Teacher's Retirement System (Calstrs)-- the largest in the country by assets — have posting mediocre returns due to low interest rates and growing retirement obligaPublic Employee's Retirement System (CalPERs) and California State Teacher's Retirement System (Calstrs)-- the largest in the country by assets — have posting mediocre returns due to low interest rates and growing retirement obligations.

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).

State and local employees» contributions to the two largest pension systems increased by 10 %, from 5 % to 5.5 % of their annual salaries and increased the retirement benefit age for new public employees, from 55 to 60 years.

Anne Sheehan is the Director of Corporate Governance for the California State Teachers» Retirement System (CalSTRS), the largest teacher's public pension fund in the USA, where she is responsible for overseeing all corporate governance activities for the fund including proxy voting, company engagements and managing $ 4 billion placed with activists managers and sustainability managers.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.

Yesterday marked the end of a second straight sub-par fiscal year for most of the nation's state and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSstate and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSState Teachers» Retirement System (NYSTRS).

Gov. Andrew Cuomo has pushed to reduce the cost of state's public pension system by successfully advocating for a new retirement level, Tier Six.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

But the governor's plan would effectively give him ownership of the state's massive public school system, and would be among the most ambitious changes he's pursued in his governorship, a tenure that so far has included legalizing same - sex marriage, strengthening gun control, creating a statewide property - tax cap and reforming the state pension system.

But he still oversees the state's $ 184.5 billion public pension system (the third - largest in the nation) and has teamed up with Mr. Schneiderman to take down corrupt elected officials and powerful nonprofit heads.

Among his recommendations, Astorino favors switching elected officials from the defined - benefit pension plan to a defined - contribution plan; replacing the per diem system for lawmaker expenses to one requiring stricter bookkeeping; and scrapping the state Joint Commission on Public Ethics in favor of a new independent ethics watchdog appointed by the judiciary.

A 2011 state law allowed judges to strip pensions from convicted public officials but only those who joined the pension system after the law took effect.

Newsday has assembled a database of pension costs that reveals what public agencies on Long Island pay into three state pension systems - the Employees» Retirement System, the Police and Fire Retirement System, and the Teachers» Retirement System.

The NYC public employees don't give a darn about the Common Pension System because they have their own and it is not under the State Comptroller.

He also has to find funds for the state's cash - starved public worker pension system.

E.J. McMahon: «Yesterday marked the end of a second straight sub-par fiscal year for most of the nation's state and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSTRS).&rstate and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSTRS).&rState Teachers» Retirement System (NYSTRS).»

In a major blow to Gov. Chris Christie that complicates his 2016 ambitions, a New Jersey judge ruled that he violated state law when he declined to make the full payment into the state's pension system for public employees last year and ordered him to find a way to fund it now.

The Tier VI pension agreement in 2012 gives state workers earning more than $ 75,000 access to defined contribution system based on the model used by public university employees, known as TIAA - CREF.

He wants the good public employees to provide information about their coworkers and bosses who don't work hard enough, misuse state cars and expense accounts and double dip on the state pension system.

In February 2014, Sweeney responded to Governor Chris Christie's 2014 budget address and opposed any more new reforms to the state's retirement system, despite a $ 52 billion public pension debt.

The reduced contribution rate — good news for local governments that pay into the state pension system for their public employees — was long anticipated from DiNapoli.

ALBANY, N.Y. — New York state Comptroller Thomas DiNapoli's 2009 tax returns made public Monday show the Democrat's annual income rose by just $ 29, as he guided the $ 129 billion state pension system out of recession.

The state's chief fiscal watchdog, DiNapoli is the sole trustee of the Common Retirement Fund — the third largest public pension system in the nation, and holder of more than $ 200 billion in assets.

The fund, one of the largest public pension systems in the nation, is now valued at $ 133.8 billion, down from $ 146.9 billion at the end of the first quarter on June 30, state Controller Thomas DiNapoli's office said Tuesday.

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.

Some left one government job for LIPA, stayed a few years, then got another public post — keeping them in the state pension system.

If passed, the measure would dramatically expand on a pension forfeiture provision of a 2011 ethics reform package that only applied to public officials not already in the state pension system at the time — that is to say, no sitting lawmakers.

«The reality is the vast majority of New York state public officials entered the public pension system well before then and therefore continue to operate under the old rules,» Buchwald said.

On a side note, the proposals would also apply to lawmakers because they are in the state public sector pension system.

In an extensive review of records and data and dozens of interviews with political insiders, Newsday examined the professional history, campaign contributions and family ties of each of the public authority's 174 employees since 2003 with reported earnings to the state pension system.

Under the bill, any state public official who is a member of a pension or retirement system and is convicted of a felony related to their public office could lose all of their pension benefits.

In terms of retirement, the Miami - Dade County Public Schools teachers in voting districts 1 and 2 are particularly vulnerable if they remain in the traditional state pension system.

CHICAGO, Dec 5 (Reuters)- Illinois Governor Pat Quinn signed into law on Thursday landmark reforms to the state's woefully underfunded public pension system, prompting unions to begin preparing court action to challenge the law.

Pension spending in Illinois affects school funding equity so significantly in part due to the fact that there are two pension systems operating in the state: one for Chicago Public Schools (CPS), and another for the remaining disPension spending in Illinois affects school funding equity so significantly in part due to the fact that there are two pension systems operating in the state: one for Chicago Public Schools (CPS), and another for the remaining dispension systems operating in the state: one for Chicago Public Schools (CPS), and another for the remaining districts.

In Nevada, educators lose out by being included in a state pension system that includes other non-education public employees.

«All of this points back to the unsustainability of the state's pension system,» said Tim Hoefer, executive director of the Empire Center for Public Policy, an Albany - based think tank.

Every school district in Illinois except for the Chicago Public Schools has its teacher pension payments made by the state as a consolidated payment to the Teachers Retirement System.

More to come on this important issue, but it is vital that public officials, the media and the public understand how the state employee pension system actually works before talking about specific reforms.

The report, issued late last month, noted that the state's two biggest pensions - the California Public Employees» Retirement System and California State Teachers» Retirement System - fell below the national average in all three categostate's two biggest pensions - the California Public Employees» Retirement System and California State Teachers» Retirement System - fell below the national average in all three categoState Teachers» Retirement System - fell below the national average in all three categories.

A report expected next week on reforming Connecticut's state employee public pension system will recommend cutting the annual expected rate of return by 1 percentage point to 7 percent, a lead researcher told Reuters on Friday.

It's a matter of seeking «pension equity,» he said, meaning that Chicago Public Schools is the only system in the state required to fund its own teacher pensions.

That's precisely what happened — in record - setting time — when the California Public Employees Retirement System, the state employees» pension agency, attempted to provide to the public information about its retirees» pensions and making it accessible to the public on the CalPERS» wePublic Employees Retirement System, the state employees» pension agency, attempted to provide to the public information about its retirees» pensions and making it accessible to the public on the CalPERS» wepublic information about its retirees» pensions and making it accessible to the public on the CalPERS» wepublic on the CalPERS» website.

Established by the Illinois state legislature in 1895 as The Public School Teachers» Pension and Retirement Fund of Chicago, CTPF is the administrator of a multi-employer defined benefit public employee retirement system providing retirement, survivor, and disability benefits for certain certified teachers and employees of the Chicago Public ScPublic School Teachers» Pension and Retirement Fund of Chicago, CTPF is the administrator of a multi-employer defined benefit public employee retirement system providing retirement, survivor, and disability benefits for certain certified teachers and employees of the Chicago Public Scpublic employee retirement system providing retirement, survivor, and disability benefits for certain certified teachers and employees of the Chicago Public ScPublic Schools.

When the stock market was performing well in the 1990s, the PSERS system (Public School Employees» Retirement System) used the opportunity to give school districts and the state, which contributes more than half of pension costs for schools around Pennsylvania, a pension hosystem (Public School Employees» Retirement System) used the opportunity to give school districts and the state, which contributes more than half of pension costs for schools around Pennsylvania, a pension hoSystem) used the opportunity to give school districts and the state, which contributes more than half of pension costs for schools around Pennsylvania, a pension holiday.

The Colorado Supreme Court recently restored a measure of fiscal sanity to public sector retirement law in the Centennial State by reversing a Court of Appeals ruling which said that the state could not cut cost - of - living adjustments to help return the state's pension system to heState by reversing a Court of Appeals ruling which said that the state could not cut cost - of - living adjustments to help return the state's pension system to hestate could not cut cost - of - living adjustments to help return the state's pension system to hestate's pension system to health.

Last week the New York State Teachers» Retirement System (NYSTRS), which provides a defined benefit pension plan to public school teachers and administrators outside of New York City, announced it was raising the required employer contribution rate * from 16.25 to 17.53 percent of payroll.

Yet public school districts have no alternatives; almost all of them are joined by statute to state pension systems (or, sometimes, to their own local pension systems).

Public pension benefits have been structured and enhanced over the last two decades to heavily favor teachers willing to stay in one state or district pension system.

For more information, visit the Maryland State Retirement and Pension System or by going to Teach.com.the online Maryland's Public School Teacher Benefit Summary.