Sentences with phrase «by public pension funds»

«It's a longer - term issue,» Brainard said of the trend by public pension funds to reduce their targets.

Not exact matches

Public pension funds are required by the states in which they are domiciled to report on their PE holdings.

Blackstone Capital Partners VI attracted some of the world's largest private - equity investors, including the California Public Employees» Retirement System and the Canada Pension Plan Investment Board, according to disclosures by the pensionPension Plan Investment Board, according to disclosures by the pensionpension funds.

Recent public spending in top - ranked Norway has bolstered the nation's pension plans, helped in part by the country's massive sovereign wealth fund.

Given Osiris's strong five - year record of growth and profitability, Bowers was able to help make Miller's wishes come true: he structured a deal that raised $ 13 million from a large local pension fund — the Pennsylvania Public School Employees Retirement System (see «What Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividendpension fund — the Pennsylvania Public School Employees Retirement System (see «What Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividendPension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend yield.

Many public pensions are significantly underfunded and their funding problems have been exacerbated by the recent economic downturn.

The next phase of public pension reform will likely be touched off by a stock market decline that creates the real possibility of at least one state fund running out of cash within a couple of years.

And better yet, if the Fed can keep the pensions thinly solvent by pumping up the stock market, Congress and State Governments can defer the inevitable taxpayer bailout of public pension funds — for now.

This is based on an in - depth study conducted by a good friend of mine who works at a public pension fund.

* Note: Mutual fund families, as listed by Strategic Insight (August 2004); institutional money managers, as listed by Institutional Investor (July 2004); and public pension funds, as listed by Pensions & Investments (January 2004).

According to the Center for Retirement Research at Boston Collage, US public pension funds at the state and local level are also underfunded by an average of 67.9 %.

* Note: Public pension funds, as listed by Pensions & Investments (Jan. 2006); Money managers, as listed by Institutional Investor America's Top 300 (2005); and Mutual fund families, as listed by Strategic Insight (Nov. 2005.)

And make no mistake, if you are covered by a large institutionalized pension fund, public or private, your fund is equally as underfunded — it just has not yet been affected but it will be sooner or later.

«To ensure public shareholders are not disadvantaged, any takeover bid would need to be put to a shareholder vote and any recommendation by the board would have to be based on an appropriate premium as well as safeguards for future probity given past track records of the businesses controlled by the Murdoch family», said Kieran Quinn, chairman of Britain's Local Authority Pension Fund Forum (LAPFF).

Third, it is no longer clear in many cases just who the owners are, with millions of shares of stock being held by the public, many by individuals but also many by pension funds, insurance companies and other investment concerns.

Where there are public retirement systems, workers are asked to replace them by a pension fund mechanism that subjects their own employers to the sole imperatives of immediate profitability, extends the sphere of influence of finance, and persuades citizens of the obsolescence of institutions of solidarity between nations, peoples, and generations.

Hewitt Cattle Australia, backed by one of Canada's biggest pension funds, the Public Sector Pension Investment Board, has snapped up a 15 per cent stake in Australia's leading organic beef company Arcadian Organic & Naturapension funds, the Public Sector Pension Investment Board, has snapped up a 15 per cent stake in Australia's leading organic beef company Arcadian Organic & NaturaPension Investment Board, has snapped up a 15 per cent stake in Australia's leading organic beef company Arcadian Organic & Natural Meat.

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.

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.

The divestment represents the latest move by the city's pension funds to dissociate the city's $ 160 billion worth of assets, one of the largest public pension systems in the country, from gun retailers, and firearm and ammunitions manufacturers in response to a wave of mass shootings.

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.

The fund, run by state Comptroller Thomas DiNapoli, is also heavily weighted to stocks — and, like all public pension funds, is allowed to calculate its funding needs based on accounting assumptions that would not pass muster in the private sector.

Among those myths is the notion — oft - repeated by DiNapoli — that public - pension funds are «long - term investors» that can stick with their assumptions through thick and thin, riding out the kind of market volatility that saw the state funds» return on assets veer from a 26 percent loss in 2009 to a 26 percent gain in 2010.

· 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.

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.

Similarly, the amount state and local governments will have to pay into the state's main pension fund for other public employees would double to nearly $ 4 billion — even if most localities opt into a borrowing scheme approved this year by lawmakers to soften the blow.

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.

Unfortunately, the Department of Financial Services seems more interested in playing political games, so remains unaware of actions taken by what is one of the best managed and best funded public pension funds in the country.

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.

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.

Correction: An earlier version of this story misstated the fossil fuel investments by California's two public pension funds.

Moreover, at the rally, Public Advocate Tish James announced that she favors divestment from fossil fuels by the city's pension funds.

They are more akin to benefits, and indeed there is a direct link between how public sector pensions and benefits are uprated with inflation, that people become entitled to by working in the public sector than the sort of claim someone has on a private sector pension fund.

In a new report released yesterday by the institute's Empire Center, we find that pension contributions will skyrocket over the next several years, because the state's pension funds made risky bets in the stock market and lost — leaving taxpayers, not public employees, to pay the bill.

This concept is rooted in ongoing efforts supported by the labor movement to allow public and private pension funds to sue Wall St. firms for pension losses.

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.

The UFT and NYSUT will also urge the National Educational Association and the American Federation of Teachers, along with other public and private sector unions, to avoid pension and retirement fund investments with any funds operated by Steven Klinsky.

WHEREAS millions of dollars that teachers, public employees, unionists and others in the not - for - profit sector contribute to their pensions and retirement funds are now being invested in private equity funds established and managed by Steven Klinsky, providing profits to the founder and leader of the union - busting Victory, Inc.; and

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

WHEREAS the private equity funds established and managed by Steven Klinsky, preeminently New Mountain Capital, solicit major investments from teacher retirement and pension funds, public employee retirement and pension funds, union retirement and pension funds and other retirement and pension funds from the not - for - profit sector; and

Space limits an extended discussion here, but we note two conclusions from a 2012 article by Economic Policy Institute researcher Monique Morrissey, who explains that «the logical implication of Richwine and Biggs's [pension] position is that public employers and taxpayers would be indifferent between current pension funding practices and investing in Treasury securities, even though this would triple the cost of pension benefits» and that R & B «selectively alternate between the cost of benefits to employers and the value to workers, and inappropriately equate the latter with the often much higher cost to individuals of obtaining equivalent benefits.»

Public pension systems have received a lot of bad press based largely on shortfalls in funding brought about by political mismanagement and a bad economy.

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).

1912: NEA endorses Women's Suffrage 1919: NEA members in New Jersey lead the way to the nation's first state pension; by 1945, every state had a pension plan in effect 1941: NEA successfully lobbied Congress for special funding for public schools near military bases 1945: NEA lobbied for the G.I. Bill of Rights to help returning soldiers continue their education 1958: NEA helps gain passage of the National Defense Education Act 1964: NEA lobbies to pass the Civil Rights Act 1968: NEA leads an effort to establish the Bilingual Education Act 1974: NEA backs a case heard before the U.S. Supreme Court that proposes to make unlawful the firing of pregnant teachers or forced maternity leave 1984: NEA fights for and wins passage of a federal retirement equity law that provides the means to end sex discrimination against women in retirement funds 2000s: NEA has lobbied for changes to the No Child Left Behind Act 2009: NEA delegates to the Representative Assembly pass a resolution that opposes the discriminatory treatment of same - sex couple

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.

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.

Critics have suggested that problems faced by pension funds have been overstated, and that the picture is rosier than depicted by the conservative groups in particular that have raised alarms about public pensions.

At least $ 600 billion in assets currently invested by California's 80 different public employee pension funds, earning financial interests billions in management fees and commissions every year, and guaranteeing public employees retirement packages that ordinary citizens can only dream of.

In the case of public pension funds, investments are directed by municipal officials who often delegate the investment strategy and asset manager hiring recommendations to consultants, causing even greater divergence between the interests of beneficiaries and sponsor.