Sentences with phrase «city pension funds»

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.

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.

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.

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.

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.

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

«Net investment losses» by the five city pension funds get the blame for $ 15.2 billion in added costs, or about 48 percent of the total increase over the 10 - year period.

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

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.

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..

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.

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.»

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.

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.

Bill de Blasio discussed communication problems restricting recovery efforts and his early efforts at formulating a mold remediation plan, while John Liu discussed FEMA funding and investments by the City pension funds.

ALBANY — 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.

De Blasio said Friday that New York City pension funds have divested with the exception of the police, fire and education departments.

Knowing that the city pension funds were in bed with such a controversial drug manufacturer didn't sit too well with City Comptroller Scott Stringer, whose office manages all five of them.

«It's unacceptable for a health care company to put life - saving medicine out of people's reach by jacking up prices,» said Stringer, although he stopped short of saying the city pension funds would divest from Mylan.

Liu did not know off hand how much of the New York City pension funds were invested in companies with Arizona connections, but his office is looking into it, he said.

Then state Attorney General Andrew Cuomo, who is now governor, said at the time that Faso and his firm, Manatt Phelps & Phillips, acted as unlicensed financial brokers trying to help companies win business with the state and city pension funds.

Comptroller Scott Stringer, investment adviser and trustee to the $ 150 billion city pension funds, is questioning «both the magnitude and the corporate purpose» behind the Clayton Williams Energy Inc. donations to the National Rifle Association and American Crossroads, a conservative political action committee.

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».

The city pension funds own 25,454 shares of the company, worth $ 3.2 million.

The New York Times had a big story yesterday on how Wall Street investment fees wiped out $ 2.5 billion in investment gains for New York City pension funds.

The shareowner proposal submitted by the New York City Pension Funds to give so - called «proxy access» would provide long - term investors holding a 3 percent stake in the company for more than three years the ability to nominate independent directors on the company's ballot.

Since the enactment of the Private Securities Litigation Reform Act of 1995 (the «PSLRA»), Berger & Montague has successfully represented many institutional and governmental investors, including state and city pension funds, pension trusts and other private investment vehicles in the United States and abroad.

He said shareholders» «true level of concern» is masked by the company's dual - class stock structure, which gives common shareholders such as the New York City pension funds the majority of the company's stock but a minority of its voting power.

State, county and city pension funds are the biggest source of capital for private equity funds, but growing wariness over committing more capital toward real estate all but promises to leave a good number of the first - time pools under - financed or on the sidelines.