Sentences with phrase «york public pension funds»

A bill expanding the share of New York public pension funds that can be invested in complex, high - risk alternative assets such as private equity and hedge funds has been vetoed by Governor Andrew Cuomo.

Not exact matches

The New York State Common Retirement Fund, which is the third - biggest public pension fund in the U.S., cut its target last month from 7.5 percent to 7 percFund, which is the third - biggest public pension fund in the U.S., cut its target last month from 7.5 percent to 7 percfund in the U.S., cut its target last month from 7.5 percent to 7 percent.

Big - name public pension funds from California to New York City have said they are bailing out completely.

And, if so, how does she explain that to the public, particularly New York State pension fund holders?

«My first job as state comptroller is to protect the one million members, and the rest of New York State taxpayers, from the irresponsibility that has left New Jersey, Illinois, California and dozens of other public pension funds across the nation dangerously under - funded, DiNapoli said.

New York City announced it filed a multibillion dollar lawsuit against five top oil companies, citing their «contributions to global warming,» as it said it would divest fossil fuel investments from its $ 189 billion public pension funds over the next five years.

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).

New York should lead all states toward more thorough and truthful public - pension accounting — linked to a more prudent funding method, as recommended by, among others, the Blue Ribbon Panel of the Society of Actuaries.

Tax - funded public - pension costs for every level of state government rose from absolutely minimal levels in 2000 to a grand total of more than $ 16 billion last year, half of it in New York City alone.

Generally more than half the money in New York's public - pension funds is invested in stocks.

ALBANY, N.Y. (AP)- The New York state comptroller says the state's public pension fund is nearing $ 207 billion thanks to strong results from financial markets over the past year.

New York Governor Andrew Cuomo previously has said he planned to halt future fossil fuel investments in the state's public employee pension fund.

The New York state comptroller says the state's public pension fund is nearing $ 207 billion thanks to strong results from financial markets over the past year.

In a case that could have ramifications for government transparency, New York's top judges may decide whether details about taxpayer - funded teacher pensions should remain hidden or be open to the public.

What: Forced out of office in 2006 for trading access to New York's $ 124 billion public employee pension fund for $ 1 million in benefits — including campaign contributions and luxury trips to Israel and Italy.

What: Forced out of office in 2006 for trading access to New York's $ 124 billion public employee pension fund for $ 1 million in benefits — including campaign

ALBANY — New York state's public pension funds are underfunded by a staggering $ 120 billion — and taxpayers will have to shell out an additional $ 8.5 billion a year by 2015 to keep them in the black, according to a report released yesterday.

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).»

As part of the agreement, which stemmed from Manatt Phelps & Phillips acting as an unlicensed placement agent, the firm agreed to a five - year ban from appearing before any public pension fund in New York and a $ 500,000 fine and cooperate with the ongoing investigation.

An outside review of New York's $ 150 billion pension fund for public workers shows it fixed ethical problems that led to a «pay - for - play» scandal.

An outside review of New York's $ 178 billion pension fund for public workers shows it has been managed responsibly for the past three years but needs more staff and higher pay to continue the quality performance and cut costs for outside advisers.

«Funston's independent analysis confirms that the New York State Common Retirement Fund is a leader among public pension funds in this country and is setting a standard for transparency and ethics,» DiNapoli said in a statement.

New York City's biggest public employee pension fund is poised to vote today to begin pulling its investments from hedge funds, the latest move by a large pension plan to scrap an investment path that once promised big returns.

Manatt, Phelps & Phillips will pay the state a $ 550,000 fine and agreed not to appear before any public pension fund in New York for at least five years.

«The latest reports regarding former State Comptroller Alan Hevesi are disturbing — and once again reminds us that we must be vigilant in protecting New York State's public pension funds from pay - to - play schemes that would defraud New Yorkers out of millions of dollars.

So, based on that first quarter, and in light of the S&P's further 4.3 percent gain since June 30, is New York's largest public pension fund comfortably on track to hit its 7 percent target for fiscal 2017?

«Mr. Rattner shares with the New York Attorney General the goal of eliminating public pension fund practices that are not in the public interest.

«While the financial markets have been volatile, our pension fund remains one of the strongest and best funded in the country, allowing New York's public workforce to retire with the knowledge that their pensions are secure.»

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.

The comptroller also «is the custodian and investment advisor to the Boards» of the five pension funds which are collectively referred to as «NYC Public Pension Funds» or «New York City pension funds&pension funds which are collectively referred to as «NYC Public Pension Funds» or «New York City pension funds&rafunds which are collectively referred to as «NYC Public Pension Funds» or «New York City pension funds&Pension Funds» or «New York City pension funds&raFunds» or «New York City pension funds&pension funds&rafunds».

Currently, a public officer in New York state can accept bribes, steal public funds or engage in numerous other forms of public corruption without the threat of pension forfeiture, even if convicted.

ALBANY, NY (02/13/2012)(readMedia)-- The New York State Public Employees Federation (PEF) today commended State Comptroller Tom DiNapoli for his stand in favor of a secure pension fund for public woPublic Employees Federation (PEF) today commended State Comptroller Tom DiNapoli for his stand in favor of a secure pension fund for public wopublic workers.

She formerly was the founding and managing partner of the New York law office of Barrack, Rodos & Bacine, where she represented public and labor pension funds seeking to recoup billions of dollars from those who committed corporate fraud on Wall Street.

Unlike New York City's public employee pension, which voted to exit its hedge fund portfolio, the state pension isn't planning to yank its money from hedge funds, Fuller said.

Relations were much friendlier in the earliest days of the investigation, in summer 2007, when Mr. Cuomo's office began scrutinizing the tiny circle of associates around State Comptroller Alan G. Hevesi, who had positioned themselves as middlemen between financial firms seeking investments from the New York State Common Retirement Fund — the third largest pension fund in the country — and the public officials who controlled how the money was invesFund — the third largest pension fund in the country — and the public officials who controlled how the money was invesfund in the country — and the public officials who controlled how the money was invested.

Michael Mulgrew, president of the UFT, said: «The pension and retirement funds of New York State educators, public employees and unionists should avoid investing in private equity funds, such as New Mountain Capital or other private equity funds, that maximize profits by denying the most fundamental rights of workers.

A Hedge Fund Sales Pitch Casts a Spell on Public Pensions New York Times: «The report was really intended to give information to pension trustees so they could ask the tough questions and fulfill their fiduciary duties to the funds and their participants,» said Randi Weingarten, president of the teachers» union.

Outspoken liberal politicians, including some aspiring Presidential candidates, like New York Governor Andrew Cuomo, want to divest their respective public pension funds from fossil fuel companies for ideological reasons, while the vast majority of fund managers from both sides of the aisle disagree.

Members include BlackRock, Deutsche Asset Management and TIAA - CREF, as well as public pension funds in California, Florida, New York and North Carolina.

Investors signing the letters include California's two largest public pension funds, the New York State Comptroller, F&C Management and the Scottish Widows Investment Partnership.

We demanded that New York stop investing billions of public pensions fund dollars in the oil, gas and coal companies that are causing storms like Sandy, Maria and Irma.

Scott Stringer, the New York City Comptroller and fiduciary of the fourth largest public pension fund, said on Wednesday he's concerned about how the company is being run.

Chancellor Capital Management / Invesco, Inc. (City, ST) 1995 — 2000 Partner and Managing Director — Institutional Fixed Income • Manage in excess of $ 44 billion, approximately $ 20 billion of which were managed with a total rate of return objective • Focus in mortgage - backed and asset - backed securities • Create and implement strategy for all MBS and ABS investments for total rate of return portfolios • Responsible for risk management including establishing and monitoring appropriate risk levels • Collaborate with CIO in management of all core portfolios benchmarked against the Lehman Aggregate Index • Run weekly strategy meetings defining portfolio construction in conjunction with Investment Policy Committee guidelines • Oversee assets in excess of $ 10 billion including pension funds, public funds, and insurance funds • Conduct client reviews and new business presentations on a regular basis • Serve as point person for key strategic partnerships based out of New York