Sentences with phrase «city pension»

Along with suing oil companies, the mayor has also announced his intention to sell off $ 5 billion in fossil fuel investments from city pension funds.

Taxpayers» share of city pension costs has skyrocketed more than 900 percent in the last decade — from $ 703.1 million in 2000 to $ 6.5 billion in 2009, according to the NYC comptroller's office.

Facing off in the Democratic Senate primary next month, the two sparred over the performance of city pension funds during Liu's four years as comptroller.

Also at 9 a.m., the executive committee of the board of trustees of the NYC Board of Education Retirement System participates in a common investment meeting of the New York City pension systems, 1 Centre St., Manhattan.

Comptroller hopeful and City Councilwoman Melinda Katz (D - Forest Hills) Monday called on the U.S. Securities and Exchange Commission to ratify proposed rule changes that would allow shareholders to nominate directors on corporate boards — a change she says would have tremendous impact on city pension funds.

His administration has been responsible for a significant portion of the growth in city pension costs, offering generous pension sweeteners during contract negotiations and repeatedly missing opportunities to rein in spending.

«Scott was among the first to call for a ban on private placement agents for City pension investment and also worked to advance shareholder initiatives to align corporate executive pay with long - term performance, promote workplace diversity, increase transparency and sustainability, and disclose corporate political spending.»

PBGC continues to calculate the final benefit amount that participants will receive from their Circuit City pension plan.

Tier 2 disability pensions — which Cuomo now apparently favors restoring — were claimed by 73 percent of the 6,121 firefighters retiring between 2002 and 2013, according to city pension records.

Moody's found that in New York City pensions there have not been as well funded, with unfunded liabilities increasing in recent years.

Under the plan, which requires approval by all five city pension boards, Chief Investment Officer Scott Evans would see his salary rise from $ 230,000 to as much as $ 350,000, documents show.

A version of this article appears in print on February 3, 2011, on Page A1 of the New York edition with the headline: To Save Money, Mayor Urges Overhaul of City Pension Rules.

City pension changes require state approval.

Cornegy (D - Brooklyn) made a different argument, saying many people would not run for office if they didn't have a chance to claim full city pension benefits, which happens after ten years on the payroll.

The allegations by the Post come after former comptroller Alan Hevesi pleaded guilty to accepting $ 1 million in gifts in exchange for access to city pension money.

Advocate James controls one of the seven votes on the main city pension fund.

De Blasio and his representatives regularly say that reserves are at «historically» high levels, which is true, but the city budget is also higher than it has ever been, city personnel hiring has been expanded significantly over the past three years, and city pension obligations are greater than ever before.

McGrory's legacy, especially regarding the Chargers and a $ 2 billion city pension debacle, is still hotly debated.

Equally near to the Tokyo City Air Terminal, I found a passable alternative in City Pension Zem.

Wall Street Fees Wipe Out.5 Billion in New York City Pension Gains The Lenape tribe got a better deal on the sale of...

We have advised on a number of deals where pension liabilities have been apportioned to another group company with the agreement of the pension trustees, including advising alongside a top City pensions practice on a groundbreaking flexible apportionment arrangement structure.

Taxpayers» share of city pension costs has skyrocketed more than 900 percent in the last decade — from $ 703.1 million in 2000 to $ 6.5 billion in 2009, according to the city comptroller's annual reports.

New York, NY — Just one day before dozens of New Yorkers will take action at the New York City pension fund meeting calling for full divestment from fossil fuels, actor and environmentalist Leonardo DiCaprio added his voice, calling on New York to step into its leadership and divest from fossil fuels.

Mayoral hopeful John Liu infuriated Mayor Bloomberg Thursday with an optimistic outlook on city pensions - one that appeared to question Hizzoner's need to slash teachers and fire companies.

That job, and especially its oversight responsibilities for millions in city pension funds, gives its holder enormous power that can be used in a 101 ways to promote political causes that have nothing to do with the real responsibilities of the office, which are to ensure good returns for the taxpayer.

Stringer, who is leading the effort to vote down Mylan's current board, oversees New York City pensions that together own more than 1.1 million shares of Mylan stock.

The New York City Pension Funds, which are solely controlled by a partisan political official, have filed shareholder proposals at Schwab for the past nine years in a row.

Former Public Advocate Betsy Gotbaum says she'll gladly pay back the city pension system for trips she took to Northern Ireland and Israel.

As Comptroller, I led efforts to increase the city pension funds by $ 20 billion.

Sources familiar with Thursday's vote said the board members were acting on a proposal introduced last year in the wake of the mass shooting in Charleston, South Carolina, by the New York City Public Advocate Letitia James, who called on all five of the New York City pension funds to divest their holdings from any companies that sell firearms, including WalMart, Big 5 Sporting Goods Corp, Cabela's, and Dick's Sporting Goods, Inc..

New financial - disclosure forms released yesterday show at least one member of the council, Karen Koslowitz, is double - dipping from the public trough, earning a $ 122,500 salary as a city lawmaker while collecting her city pension, of at least $ 60,000 a year.

NYSTRS has since lowered its assumed return to 7.5 percent, while the city pension funds are in the process of «amortizing» their annual expectations down to 7 percent.

New York's state and city pension funds collectively have well over a million active and retired members.

The Empire Center for New York State Policy has filed a lawsuit against 2 New York City pension funds, and the New York City Council, claiming they failed to release public records as part of the Freedom of Information Law.

* Concerning the city pension funds» adoption in 2012 of a 7 percent assumed rate of return, Bloomberg added: «If I can give you one piece of financial advice: If somebody offers you a guaranteed 7 percent on your money for the rest of your life, you take it and just make sure the guy's name is not Madoff.»

Staten Island Borough President Jim Molinaro applied for his city pension this year — on top of his $ 160,000 city salary — but then had second thoughts about how his constituents in the city's most conservative borough would view the double - dip and pulled back the application.

Faulkner also briefly touched on several topics related to the comptroller's office, including management of the City pension funds and oversight responsibilities, but did not address any of them in depth.

My New York City pension and retirement accounts have been purged, ambushed and sabotaged by official city and state misconduct (in equal measure by the New York City Transit Authority, and MTA Office of the Inspector General — State of New York, where they ignored obvious corruption and cover up, and contradicted firmly established evidence that they themselves called upon me to produce).

With the stock market roiled by Great Britain's vote last week to exit the European Union, the heads of the state and city pension funds are preaching caution.

«We are continuing to move forward with our audit program of the state and city pension funds.

The Department of Financial Services will broaden its oversight and auditing of key areas of the state and city pension fund and the teacher's retirement fund, according to letters sent by Superintendent Ben Lawsky.

At 8:30 a.m., NYC Comptroller Scott Stringer discusses «advancing transparency and accountability in the New York City pension funds» at a Citizens Budget Commission breakfast meeting at the Harvard Club, 35 W. 44th St., Manhattan.

Cuomo said Faso and his firm acted as unlicensed financial brokers trying to help companies win business with the state and city pension funds.

ALBANY - State and city pension costs are skyrocketing - and some pols running for re-election want them to go even higher.