Sentences with phrase «dollar state pension»

DiNapoli says he'll use his influence as trustee of New York's $ 192 billion dollar state pension fund to «seek out sustainable investments and changes in corporate behavior» to help the Paris Agreement «become a reality».

Not exact matches

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

New accounting rules are likely to show that public pension plans could face hundreds of billions of dollars in additional liabilities, putting new pressure on state and local governments to act.

A massive campaign aimed at forcing Switzerland to make billions available in «compensation» was launched by the WJC, with the governors of four American states threatening economic sanctions against the Swiss, and the City of Los Angeles withdrawing millions of dollars of pension funds from a Swiss bank.

Former Suffolk Conservative chairman Edward Walsh, recently convicted on federal corruption charges, has failed to qualify for an immediate state pension in a ruling that could cost the former corrections lieutenant thousands of dollars in lost benefits.

Lynch wound up paying a half - million dollars to settle a 2010 case with then - Attorney General Andrew Cuomo, who accused her of inappropriate attempts to influence the state pension fund, which was run by Silver allies.

Enabling P3s would give the state access to capital from pension funds, sovereign wealth funds, insurance companies, private equity firms and concessionaires to supplement public dollars.

«We here in New York State have hundreds of billions of dollars in our pension system,» Sen. Jack Martins (R - Old Westbury), the bill's co-sponsor, said Sunday.

Many schools plan to add new student programs and services next year, aided by millions of dollars in fresh financial assistance from Albany, as well as reductions in state pension costs.

Forand also cited DiNapoli's audits of state and local governments and school districts that save taxpayers millions of dollars statewide while using the investment clout of the pension fund to influence corporate behavior such as in addressing climate change.

After the initial conference call, Wilson clarified his position, saying he was «committed to establishing a state - of - the - art system of checks to insure that pension dollars are not invested in companies doing business in states that sponsor terror, like Iran.»

The $ 25 million contract would have been part of an «in - state» investment for the multi-billion dollar New York state pension retirement system, which state taxpayers subsidize annually for roughly $ 2.5 billion.

From the President who has refused to act on investigative reports submitted to him on grievous allegations of diverting over a billion naira meant for resettlement of Internal Displaced Persons (IDPs) by the Secretary to the Government of the Federation, Babachir Lawal under the Presidential Initiative for the North East (PINE) and the miraculous discovery of 13billion naira in an apartment at Ikoyi, Lagos under the supervision of the Director of the Nigerian Intelligence Agency (NIA), Ayodele Oke, to the Head of Service of the Federation, Oyo - Ita Winifred Ekanem, who connived with others to reinstate into active duty and promote Abdulrasheed Maina, the former Chairman of the Pension Reform Task Team, who allegedly stole over 6billion naira pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of RiversPension Reform Task Team, who allegedly stole over 6billion naira pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Riverspension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers State.

Malloy said Connecticut's pension fund system is broken, and, if nothing changes, in the year 2032 the state will have to pay $ 13 billion dollars in retirement benefits when it reaches what Malloy called «a fiscal cliff.»

It focused on allegations that Mr. Hevesi's friends, family and associates sold access to the state's $ 125 billion pension fund, one of the world's largest, to reward allies, pay back political favors and reap millions of dollars for themselves.»

ALBANY — The annual tradition in the State Legislature of proposing «sweeteners» to state pensions for workers and retirees represented by politically powerful unions has produced 120 bills so far worth hundreds of millions of dollars in benefits, according to the independent Citizens Budget CommisState Legislature of proposing «sweeteners» to state pensions for workers and retirees represented by politically powerful unions has produced 120 bills so far worth hundreds of millions of dollars in benefits, according to the independent Citizens Budget Commisstate pensions for workers and retirees represented by politically powerful unions has produced 120 bills so far worth hundreds of millions of dollars in benefits, according to the independent Citizens Budget Commission.

For three solid years, this city agency (and inspector general's office that is governed by New York State), continue to conceal evidence that could have restored my job, career, pension and retirement benefits, but chose to look the other way, while I had to spend tens of thousands of dollars defending myself in court for charges that never existed, and that were exposed to the MTA Inspector General after an oral argument hearing on May 9, 1991 revealed the deception and cover up.

I guess they did not read the papers with regard to Pensiongate» and all those well connected Democrats who are returning the Millions of dollars that they received from the Pension System and lets not forget that Congressman Meeks records was subpoenaed by the Feds, and who can forget what Hank Morris lawyers said «everyone does it» and lets not forget the State IG and his battle with the Sampson the Bipartisan and the other leaders of the Democratic Senate Crazy» Committee it seems the don't want to give him there records with regard to the Racino scandal.

Susan Lerner, Executive Director of Common Cause New York, talked to Steve Ference about the recent corruption with the state pension system, saying it's a clear sign New York needs to move away from a sole trustee deciding how the 129 billion dollar fund is invested.

Despite the volatility, the Comptroller says he does not expect the state's multi billion dollar pension fund to be strongly impacted.

It ought to warm the cockles of everyone's heart knowing that Shelly's guy has sole control over who gets to invest billions of dollars of state pension funds.

With no ability to force forfeiture of his big fat state pension I would argue that a multi-million dollar fine should be imposed and that it can be paid off at a monthly rate just slightly above what he gets as a monthly pension payment!

«Each year, the state doles out over half a million dollars for corrupt Albany politicians» pensions.

New York State Assemblyman and Chair of the Executive Committee of the Bronx Democratic County Committee Carl Heastie said: «Coming back from a recession that devastated pensions around this state, the NYS pension system has not only been brought back but we have had a record high of 180 billion dollars.&rState Assemblyman and Chair of the Executive Committee of the Bronx Democratic County Committee Carl Heastie said: «Coming back from a recession that devastated pensions around this state, the NYS pension system has not only been brought back but we have had a record high of 180 billion dollars.&rstate, the NYS pension system has not only been brought back but we have had a record high of 180 billion dollars.»

«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.

At least 10 ex-lawmakers who've been convicted of criminal charges are still receiving taxpayer - funded pensions worth tens of thousands of dollars a year, a Daily News review of state pension records found.

Cuomo raised eyebrows and embarrassed DiNapoli as he announced a series of multimillion - dollar settlements in the state pension - fund scandal and then disclosed that his office was looking into the comptroller's role in meeting with politically connected companies seeking control over the investment of pension - fund money.

While Mulrow was listed as a Blackstone lobbyist working to influence the $ 289 billion New York state pension system, Blackstone secured hundreds of millions of dollars in new pension investment commitments for the firm — far more than it had during the four - year period before Cuomo's first term.

After holding it for four months, the state Senate has just sent Governor Andrew Cuomo a bill that would add hundreds of millions of dollars * to state and local pension costs by allowing public employees to claim pension service credit for time spent in peacetime military duty.

City and state teachers unions have been funneling millions of dollars into a grassroots protest group that has been targeting EpiPen manufacturer Mylan — even though their pension funds are heavily invested in the drug maker.

City and state teachers unions have been funneling millions of dollars into a grassroots protest group that has been targeting EpiPen manufacturer Mylan — even though their pension funds are heavily invested in the drugmaker, The Post has learned.

The governor was reminded by a top aid that he and the legislature approved a new pension tier, so that future workers will receive fewer benefits, saving the state, as well as local governments, billions of dollars in costs in coming decades.

Despite the volatility, the comptroller said he does not expect the state's multi-billion dollar pension fund to be strongly impacted.

Salaries, health care and pension benefits for state workers represent one of the largest and fastest - growing areas of spending, accounting for about one - fifth of all state dollars.

Together with Danny Donohue, and all of CSEA's membership, I will work to ensure that our state and local governments make every dollar that we spend count and that our pension fund remains one of the strongest in the nation.»

The money is part of an over $ 1 billion dollar fund that uses the state pension plan monies to invest in locally based entrepreneurs who want to grow their business in the state.

«In the few short months Eric has held office he has launched major initiatives such as the Medicaid Fraud Control Unit dedicated to recovering taxpayer dollars and the Taxpayer Protection Unit, which is designed to go after corruption in state contracts and pension fund ripoffs.»

The New York State Pension Fund, and the taxpayers who have to backstop it, have lost billions of dollars because Tom DiNapoli made risky investments on Wall Street in an attempt to meet an unrealistic return expectation that any private sector money manager in America — except maybe Bernie Madoff — would know is a fallacy.»

States have not paid for pension costs on an honest accounting basis, and they have accrued billions of dollars in pension debt that avoids so - called «balanced budget» requirements.

Pensions are eating further and further into state and local education budgets, eating up dollars that could be spent on lots of other things, especially higher education.

That argument may sound reasonable, but it's just as plausible that teachers don't know about or fully appreciate the thousands of dollars states and districts spend on their pensions each year.

Like the insatiable Pac - Man, pensions are eating further and further into state and local education budgets, eating up dollars that could be spent on lots of other things.

In addition to the non-fiscal benefits attached to educational choice, the program can relieve pressure for district budgets from rising pension costs (for each one million dollars spent on the program, I estimated that the state would save almost half of that amount, while school districts would save almost $ 700,000).

... ballooning pension and labor costs, and billion dollar deficit, could be solved if the state would simply raise its income tax and start giving the new money to Chicago schools.

Those fears crescendoed when the school board voted one month before the May 16 election to support State Bill 808, which would have allowed school districts to close or reject charter schools if they could be considered a financial burden to the district, which has yet to decrease its staffing levels despite declining enrollment and is facing billions of dollars in unfunded pension liabilities and projected budget deficits.

Democrats for Education Reform Illinois (DFER - IL) Calls for Comprehensive Education Funding and Pension Reform in Statement from the State Director Illinois pension liabilities are consuming vital state dollars and crowding out money for educaPension Reform in Statement from the State Director Illinois pension liabilities are consuming vital state dollars and crowding out money for educatiState Director Illinois pension liabilities are consuming vital state dollars and crowding out money for educapension liabilities are consuming vital state dollars and crowding out money for educatistate dollars and crowding out money for education...

For example, Governor Malloy's irresponsible borrowing policies mean that the state MUST increase its debt service payments by at least $ 672 million dollars over the next three years and mandatory payments to the state employee and teacher pension and healthcare funds will account for an additional $ 620 million.

For example, a teacher in Iowa, a state with strong fiscal health and a substantial surplus, recently discovered that her pension contributions were recently raised to cover a multi-billion dollar shortfall in the state's teacher pension fund.

Rising pension costs are a particular concern for school districts, whose dollars help prop up state retirement plans that often have substantial unfunded liabilities.

For every dollar states and local school districts are contributing to teacher pension plans, an average of $.70 goes toward paying down pension debt.