Sentences with phrase «in city pension funds»

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.

Not exact matches

Among them are New York City Comptroller Scott Stringer, who oversees the city's pension fund that currently holds nearly $ 1 billion in Facebook stCity Comptroller Scott Stringer, who oversees the city's pension fund that currently holds nearly $ 1 billion in Facebook stcity's pension fund that currently holds nearly $ 1 billion in Facebook stock.

In agreement with ISS are big shareholders like the New York City and State pension funds and the California Teachers» Retirement System.

The money will patch holes in Detroit's pension funds, prevent even deeper cuts to retirees and avert the sale of city - owned art at the world - class museum.

He criticized states for kicking the can down the road, living beyond their means year after year in a «never - ending sense of crisis» that results in «stop - and - go funding of vital programs,» such as those for infrastructure, education, pensions and city and county services.

The Comptroller serves as investment advisor, custodian and a trustee to the New York City Pension Funds, which have more than $ 160 billion in assets and a long history of active ownership on issues of corporate governance and sustainability.

The New York City Employees» Retirement System; the New York City Fire Department Pension Fund; the New York City Teachers» Retirement System; the New York City Police Pension Fund; and the New York Board of Education Retirement System, as joint filers (NYC Retirement System), c / o The City of New York, Officer of the Comptroller, 633 Third Avenue, 31st Floor, New York, New York 10017, which in the aggregate held 12,707,578 shares of common stock on November 15, 2011, the New York State Common Retirement Fund, whose address is the same as that of the NYC Retirement System, which held 19,560,008 shares of common stock on November 22, 2011, and the Illinois State Board of Investment on behalf of the State Employees» Retirement System of Illinois, c / o 180 N. LaSalle Street, Suite 2015, Chicago, Illinois 60601, which in the aggregate held 928,927 shares of common stock on November 18, 2011, the Judges» Retirement System of Illinois and the General Assembly Retirement System of Illinois, as co-filers, intend to submit a resolution to stockholders for approval at the annual meeting.

Last week, New York City comptroller Scott Stringer called for similar changes in Facebook's board structure on behalf of the city's municipal pension fund, a significant investor in FacebCity comptroller Scott Stringer called for similar changes in Facebook's board structure on behalf of the city's municipal pension fund, a significant investor in Facebcity's municipal pension fund, a significant investor in Facebook.

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.

There are five pension funds in New York City, which, unlike the state pension fund, are run by boards of trustees comprised of elected and appointed officials and union representatives.

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.

Last year, after the mass shooting in San Bernardino, California, Mayor Bill de Blasio called on the other three of the city's five pension funds to further divest their holdings in companies that manufacture weapons and ammunition.

The board of the New York City Employees Retirement System, the city's largest pension fund, voted on Thursday to divest the $ 54.5 billion fund's holdings in companies that sell firearms, a spokesman for City Comptroller Scott Stringer sCity Employees Retirement System, the city's largest pension fund, voted on Thursday to divest the $ 54.5 billion fund's holdings in companies that sell firearms, a spokesman for City Comptroller Scott Stringer scity's largest pension fund, voted on Thursday to divest the $ 54.5 billion fund's holdings in companies that sell firearms, a spokesman for City Comptroller Scott Stringer sCity Comptroller Scott Stringer said.

At the time James proposed the divestment, New York City's five pension funds owned more than five million shares in Walmart, and NYCERS, the pension system's largest fund, held 1.4 million Walmart shares.

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.

Because of the collapse of the financial markets in the Great Recession, cities and counties have been billed increasing amounts in the last few years to keep the New York State Pension Fund healthy.

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 New York City bill would have imposed roughly $ 400 million in new costs on city taxpayers in the next four years, adding billions in liabilities to an already under - funded pension sysCity bill would have imposed roughly $ 400 million in new costs on city taxpayers in the next four years, adding billions in liabilities to an already under - funded pension syscity taxpayers in the next four years, adding billions in liabilities to an already under - funded pension system.

* 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.»

The former head of the city firefighters union — who now runs the FDNY's pension fund — was arrested Wednesday for allegedly crashing his government car in Manhattan while drunk...

The city's four biggest funds, including those for teachers, firefighters and cops, lagged their peers in a Post analysis of the 50 «most active» city and state public pension private equity investors.

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.

In the Empire State, the push for alternatives was spearheaded New York City's pension funds, with the backing of Comptroller Scott Stringer.

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 City is suing BP over the drop in its stock price after the 2010 Gulf of Mexico oil spill, saying its pension funds lost $ 39 million.

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

In exchange, the city was allowed to adopt a more aggressive pension investment strategy to reduce its annual direct contribution to the pension funds.

Mr Hain, who resigned as Work and Pensions Secretary last year over allegations about the funding of his deputy leadership campaign which were later dismissed, also suggested Labour had been too «caught up» in the success of the City to hold the financial system to account.

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.

For instance, Blackrock managed $ 4.1 billion for NYCERS, the city's largest pension fund, in the Russell 3000 Index, charging $ 184,000 in fees, or.004 percent.

Moreover, as recently as January, the New York City teacher pension fund divested holdings in five publicly traded firearms manufacturers, for investments valued at $ 13.5 million.

MANHATTAN — New York City's teachers, police and firefighters lost billions of dollars in pension funds in the Wall Street crash, and now they want Albany to give them the right to sue to reclaim them.

With nearly 12 percent of the city's pension funds invested in riskier «alternative assets,» management fees ballooned to $ 472.5 million, Liu revealed last month.

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.

New York City Comptroller Scott Stringer added roughly $ 270 million of police and firefighter pension money into high - priced hedge funds in May after complaining about the fees — and pulling...

«The city does have a plan to slowly, over 22 years, catch up the funding in its pension obligations.

De Blasio sent a letter to the city's Police Pension fund in January this year, calling on its board to vote for divestiture.

«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.

John Liu wins in this category, not to mention he's the best Comptroller this city has ever seen, after all he did save the city's 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 inPension 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 inpension 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 AFL - CIO announced plans to invest $ 1 billion in union and city worker pension funds in affordable developments amid de Blasio's affordable housing push.

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.

New York City's pension system, which encompasses $ 160 billion in retirement funds, is rife with problems that leave it vulnerable to an «operational failure,» according to an independent report commissioned by the city comptroller's offCity's pension system, which encompasses $ 160 billion in retirement funds, is rife with problems that leave it vulnerable to an «operational failure,» according to an independent report commissioned by the city comptroller's offcity comptroller's office.

«Wall Street Harry Wilson is in favor of preserving the federal tax loophole that lets hedge fund managers pay less on their taxes than the rest of the state, wants to turn over the pension fund to the same Wall Street bankers that almost brought our economy to its knees, is against President Obama's Wall Street reform bill AND wants to enforce a $ 2,500 tax hike on households outside of New York City in his first year if he was elected.»

Troubled hedge fund Platinum Partners — which is holding $ 20 million in pension money for the city's prison - guards union — is officially under new management, The Post has learned.

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..

«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.

One key point of agreement for Republicans in the House and Senate is that they reject Gov. Dannel P. Malloy's plan to shift $ 400 million a year in teacher pension fund costs to cities and towns.