Sentences with phrase «from city pension funds»

Not exact matches

Big - name public pension funds from California to New York City have said they are bailing out completely.

In San Jose, California, the city wanted to lower the unrealistic 7.5 % return from the public pension fund there.

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.

New York City announced it filed a multibillion dollar lawsuit against five top oil companies, citing their «contributions to global warming,» as it said it would divest fossil fuel investments from its $ 189 billion public pension funds over the next five years.

New York City sued five major oil companies, claiming they have contributed to global warming, and also announced it will sell off billions in fossil fuel investments from the city's pension fuCity sued five major oil companies, claiming they have contributed to global warming, and also announced it will sell off billions in fossil fuel investments from the city's pension fucity's pension funds.

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.

Similar results can be expected from New York City's five municipal - worker pension funds, which also bank on 7 percent returns.

Tax - funded public - pension costs for every level of state government rose from absolutely minimal levels in 2000 to a grand total of more than $ 16 billion last year, half of it in New York City alone.

The fossil fuel industry is knowingly profiting off the destruction of the planet; New York City and State pension funds must divest fully from fossil fuels.

After stepping down from his 14 - year post as FDNY union boss in 2016, Cassidy accepted a newly created job as executive director of the city's Fire Pension Fund.

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.

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.

A recent decision by the federal Department of Justice to scale back and eventually end the use of private prisons indirectly impacted New York City's pension funds, reducing holding values by millions of dollars and leading to renewed calls from activists for the city to divest from the for - profit corporations that operate these prisCity's pension funds, reducing holding values by millions of dollars and leading to renewed calls from activists for the city to divest from the for - profit corporations that operate these priscity to divest from the for - profit corporations that operate these prisons.

Liu touts a combined 12.1 percent return on investments in fiscal year 2013, when the city's five pension funds grew from $ 111.3 billion to $ 124.8 billion.

His main power derives from investing the city's pension funds, but the office also affords Stringer a bully pulpit for critiquing city contracts as well as other investments, including those related to real estate.

The governor and the legislative leaders, meanwhile, announced an agreement on a budget scheme allowing the state and many local governments — but not New York City — to «borrow» nearly $ 6 billion over the next three years from the state pension system in order to use the funds to make required annual contributions back to the pension fund.

«Ganim also received kickbacks from stockbrokers, who in exchange invested the city's police pension fund in high - risk investments that ultimately failed,» the campaign said.

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.

State and local government retirees - not including city workers - received $ 7.6 billion from the state's pension fund this year, up from $ 7.2 billion the year before.

The opposition from the funds is being led by city comptroller John Liu, a Democrat, but Mayor Bloomberg, who also has a representative on the pension fund boards, is standing by the Murdochs.

On Tuesday, February 27, the New York Times reported Rockland County as sixth among the state's top 25 borrowers from New York's pension fund (Danny Hakim, «Cities Borrow From Pensions To Pay Them», citing a report by the Office of the State Comptrollfrom New York's pension fund (Danny Hakim, «Cities Borrow From Pensions To Pay Them», citing a report by the Office of the State ComptrollFrom Pensions To Pay Them», citing a report by the Office of the State Comptroller).

Among those voting against the reelection of Rupert Murdoch, his two sons, and six other family allies for reelection to the company board will likely be representatives from New York City's big pension funds, which hold more than $ 92 million worth of shares in News Corp..

«In light of the incident involving Stephen Cassidy last night and his subsequent arrest, effective immediately, I have removed him from his position as executive director of the New York City Fire Pension Fund,» Nigro said in a brief statement posted Wednesday on the city fire department's websCity Fire Pension Fund,» Nigro said in a brief statement posted Wednesday on the city fire department's webscity fire department's website.

James, a trustee of the city's largest pension fund, said she would introduce a bill prohibiting the city from signing contracts with firms involved in the wall project.

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

«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.

One example cited several times was Mr. de Blasio's proposal for New York City to divest its pension funds from coal, a top priority for environmentalists nationwide.

Beth Newcomer The Legislative Analyst for NYC Council Member Helen Rosenthal (District 6, Upper West Side) encouraged attendees to reach out to their local Council Members and urge them to support the following legislative initiatives: • Possible legislation regarding divestment of the city's pension funds from fossil fuel companies • A bill to require the city to do a carbon footprint analysis of all the products the city procures, and to use that analysis to inform a policy of low - carbon operations • A number of bills to reduce the carbon emissions of city - owned vehicles and improve the sustainability of city buildings • A bill to enhance the city's already - strong idling laws so as to make them easier to enforce Find your Council Member here.

This comes just two days before 350.org and allied groups gear up to issue a new challenge to New York State Comptroller Tom DiNapoli and New York City Comptroller Scott Stringer to divest the City and State pension funds from all fossil fuels.

• Possible legislation regarding divestment of the city's pension funds from fossil fuel companies

The final budget eliminates tax credits for business, suspends the sales tax exemption on clothing, and allows state and local governments to borrow from the state pension fund to make required contributions to the same fund — resulting in a hidden $ 1,300 tax on homeowners outside New York City.

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.

She admitted stealing nearly $ 300,000 in benefits from the City of Buffalo Firemen's Pension Fund.

After her husband's death, Martin was eligible for his Firemen's Pension Fund benefit from the City of Buffalo during her lifetime.

Unlike New York City's public employee pension, which voted to exit its hedge fund portfolio, the state pension isn't planning to yank its money from hedge funds, Fuller said.

In addition to this effort, I authored the legislation creating the District's first Climate Change and Resiliency Commission; I led the fight to have the District's retirement and pension funds divest from carbon and fossil fuel investment holdings; I wrote several bills to expand opportunities for solar installation; and I led the effort to name 2018 as the Year of the Anacostia River to celebrate and bring attention to the river on the eastern half of our city.

After more than five years of inspiring and creative campaigning from the climate movement, the New York City and State pension funds have committed to divesting their fossil fuel holdings from coal, oil, and gas.

Pension fund chiefs from California and New York City urged Exxon Mobil shareholders on Wednesday to back a measure that would force the company to finely detail how its business will be impacted as governments move to tackle climate change.

New York City is suing five of the largest oil companies over the billions of dollars it spends protecting the city from the effects of climate change, and it plans to divest its pension funds» $ 5 billion in assets involving fossil fuel producers, Mayor Bill de Blasio announced WednesCity is suing five of the largest oil companies over the billions of dollars it spends protecting the city from the effects of climate change, and it plans to divest its pension funds» $ 5 billion in assets involving fossil fuel producers, Mayor Bill de Blasio announced Wednescity from the effects of climate change, and it plans to divest its pension funds» $ 5 billion in assets involving fossil fuel producers, Mayor Bill de Blasio announced Wednesday.

In January, New York City announced its intention to divest $ 5 billion in fossil fuel investments from its pension funds within five years.

Mayor de Blasio has just announced to the world that New York will divest the city's pension funds from the...

Scott Stringer, the Comptroller who controls the city's vast pension funds, responded to Trump's pullout from Paris by saying we would «work towards a sustainable future in every capacity we can.»

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.

Not all Canadian banks have what is called reciprocal banks in other areas, thus necessitating interaction through the States, often through Bank of America; those receiving pensions in Canada from birth countries will note historically their funds went through New York, America's City Bank.