Sentences with phrase «many pension officials»

Some pension officials said they don't plan to make drastic changes based on GASB's decision.

The Park District acknowledges it did so, in part, to pad the executives» pensions, a practice pension officials say is wrong.

The ex-state pension official busted in a sex - drugs - and - rock -»n' - roll bribery case completely flew under the radar of state Comptroller Tom DiNapoli — who on Thursday said Navnoor Kang was fired over...

The ex-state pension official busted in a sex - drugs - and - rock -»n' - roll bribery case completely flew under the radar of state Comptroller Tom DiNapoli, who said Navnoor Kang was fired over his management style, not the alleged corruption.

He also helped a brother of a senior New York pension official distribute a low - budget film called «Chooch» through a DVD company controlled by Quadrangle.

The ex-state pension official busted in a sex - drugs - and - rock -»n' - roll bribery case completely flew under the radar of state Comptroller Tom DiNapoli — who on Thursday said Navnoor Kang was fired over his management style, not the alleged corruption.

Much has been written about the case, which focused on how financial firms gained access to the New York State pension fund by providing favors and kickbacks to state pension officials and those close to them.

Pension officials argue they have little choice.

Not exact matches

Source E allegedly told his compatriot that agents were compensated by «consular officials in New York, DC, and Miami,» who issued «pension disbursements to Russian émigrés living in the US as cover... tens of thousands of dollars were involved.»

As tax revenues have shrunk, the city's financial obligations have grown — mainly to an ever - expanding pool of 30,000 retirees, promised life - time pensions and health benefits by short - sighted government officials over decades who consistently failed to fund those future obligations.

Union officials, who have vowed to fight any effort to reduce benefits to retirees and vested workers, claim the city has undermined the pension fund by outsourcing city services to workers who don't pay into the system.

NEW YORK (MainStreet)-- Pensions aren't just for government officials and teachers.

Village officials are trying to control expenses by cutting staff as growing pension costs continue to gobble up local tax dollars.

The Prime Minister raised the issue of MP pensions in his interview with the CBC earlier this week, but, as the Finance Minister has noted, it is beyond the official

Eurozone officials are unanimous that it means a commitment to financial war against labor — to austerity and yet further economic shrinkage; to faster privatization selloffs (but not to Russians if they offer higher prices, as Gazprom did) and hence higher prices for hitherto public utilities; to no rejection of past insider privatization deals to higher value - added taxes on consumers; and to lower pensions for labor.

EU officials are explicitly telling us that the pensions and savings of its citizens are fair game to meet the union's financial needs.

Among the explanations that have been put forward are the increased credibility of central banks in controlling inflation (inflation rates remain below 3 per cent across the developed world), the low level of official interest rates in the major economies reflecting low inflation and the continuing weakness in some economies, a glut of savings on world markets particularly sourced from the Asian region, and changes to pension fund rules in some countries which are seen as biasing investments away from equities towards bonds.

If CalPERS (and other government) officials had been listening to the Sage of Omaha a decade ago, they would have heard Warren Buffett excoriate private businesses and their pension funds for being wildly too optimistic with their assumptions.

The retirement age, pension cuts, privatizations and the government's intention to reinstate collective bargaining restrictions in the labor market are all areas where Greece and and its creditors remain far apart, the official said.

The city officials tried to arrange for Socrates to escape, but he refused to cooperate: Either I have been a benefactor and should receive a pension, he said, or my accusers are right.

But pressured by city officials, who felt his presence a distraction on the board after the pension revelations, Werhane reluctantly agreed to leave.

Park board President Lorry Werhane has acknowledged that officials authorized large bonuses on top of salary hikes partly to pad pensions as a reward for a job well done.

Park officials said that according to a state - mandated tax levy, $ 10 million was collected for pension obligations in the last fiscal year.

Elected officials from across the state are strengthening their calls for the state pension system to divest from fossil fuels.

I guess that makes sense, since nothing's official until the ink is dry on the governor's signature on the budget, which he has made clear must contain some form of pension reform.

«Obama advisor and big - time Democrat Party fundraiser Steve Rattner bribed a New York State pension fund official by slipping $ 88,000 to the official's brother.

But ministers, currently engaged in a standoff with union officials over public sector pension changes, are unlikely to be willing to make major concessions.

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.

Sen. David Carlucci, D - Clarkstown, would strip public officials convicted of felonies of their pensions by taxing them.

McGrath has announced his support for a bill that would strip elected officials of their pensions if convicted of a felony.

That is also why I've introduced important legislation that would stop disgraced public officials and public employees from collected their taxpayer - backed pensions.

Senate Republicans are not rushing back to the bargaining table when it comes to a constitutional amendment for pension forfeiture by officials convicted of corruption.

Cuomo has called for closing the LLC loophole in campaign finance law as well as an agreement on requiring officials convicted of corruption to surrender their pensions through a constitutional amendment.

The two men who oversaw prosecution of the pay - to - play pension fund scandal that resulted in former comptroller Alan Hevesi's jail sentence today both said the penalty should serve as a warning against other public officials seeking favors and gifts while in office.

In the end, the Assembly wound up approving an alternative measure for stripping corrupt officials of their pension benefits.

In proposing tighter rules for lobbying before the pension fund, Gov. Andrew Cuomo also said he wanted to put end to corrupt officials receiving their pensions, but no bill has been produced.

Vicki Fuller, the top official overseeing the state's $ 200 billion pension fund, is retiring this summer, Comptroller Tom DiNapoli said Friday in a statement.

There would, however, be a separate bill in which Cuomo seeks an agreement to allow some police officers, firefighters and members of the New York City Employees» Retirement System, which includes corrections officers, to qualify for enhanced accidental disability pension benefits, according to an anonymous administration official who spoke to the New York Times.

If approved by voters this fall, any elected official convicted of a felony crime related to their office will be stripped of their state pension.

But having said that, paying union officials their state salaries on leave and having them continue to accrue full Pension System time is an issue.

«The individuals in my district are incredibly hard - working people, and there is no reason they should be funding the pensions of public officials who choose to use their position in government to break the law.

Prime Minister Orbán, National Economy Minister Matolcsy and other government officials referred to employees who relinquished their private pension - fund savings as those who had chosen to «return to the state pension system.»

Those items will include term limits, limiting lawmakers» outside income, and requiring elected officials convicted of felonies to forfeit their pensions.

Among steps that could be taken to fight corruption, 78 percent of respondents supported requiring elected officials convicted of felonies to forfeit their state pensions.

Maureen Cunningham, 53, a West Babylon Democrat, said she supports forfeiting the pensions of convicted officials, saying the money should be used toward the costs of the investigations that led to their arrests.

I support the termination of state pension payments for anyone convicted of a felony in relation to his or her official state responsibilities.»

According to the report, despite the convictions, Percoco is eligible to collect $ 36,000 a year in pension money, despite a new law that was passed in the fall that would authorize a judge to cut or reduce pension payments for public officials found guilty of a felony crime, but since Percoco's crimes were committed before Jan. 1, he will not be stripped of his payments.

One measure that seems particularly close to an agreement is the elimination of taxpayer - funded pensions for officials convicted of public corruption.

Governor Cuomo also proposed to outlaw «pay to play» to limit the impact of special interests, strip pensions for public officials convicted of a felony for abusing the public trust, and improve government performance and transparency through technology.

Officials who are convicted of crimes related to the performance of their duties should not receive state pensions.