«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.
Not exact matches
The total boost for 45 of the bureau's 61 positions would top more than $ 2 million, and comes after the Stringer
got an external firm to review what similar positions pay on Wall Street, at
city nonprofits and at other sizable public
pension funds.
It's easy for you Mr. DiNapoli to say
Pension Smoothing is an accounting gimmick that would leave pension funds exposed, but in the end it's likely the last window of opportunity that a City like Syracuse, NY had to get their house in
Pension Smoothing is an accounting gimmick that would leave
pension funds exposed, but in the end it's likely the last window of opportunity that a City like Syracuse, NY had to get their house in
pension funds exposed, but in the end it's likely the last window of opportunity that a
City like Syracuse, NY had to
get their house in order.
The administration also
got a lifeline from the
city's Independent Actuary's office, which has recommended decreasing the rate of return for the
city's
pension investment
fund from 8 to 7 percent.
He pointed to the power the
city's
pension funds have in the companies they invest in, as well as the ability to audit the
city's finances as the tools he planned to use should he
get elected.
My advice: review the
pension and other benefit
funding levels of your state, and any other places that you
get taxed (county,
city, assessment district).
City bans broker fees on
pension funds Comptroller Scott Stringer is to announce Monday that placement agents will no longer
get a piece of...
Modeled on the successful effort to
get colleges,
pension funds, churches,
cities, and states to divest from apartheid South Africa, the groups are asking ethical investors to freeze new investments in fossil fuel companies and divest from direct ownership or commingled
funds, which include public equities and corporate bonds.
Pension funds aren't likely to make drastic changes to their allocations in order to achieve those yields, but they may be willing to
get more comfortable with acquisitions in secondary
cities, according to Mulvee.