Sentences with phrase «of city pension»

Taxpayers» share of city pension costs has skyrocketed more than 900 percent in the last decade — from $ 703.1 million in 2000 to $ 6.5 billion in 2009, according to the city comptroller's annual reports.

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.

Taxpayers» share of city pension costs has skyrocketed more than 900 percent in the last decade — from $ 703.1 million in 2000 to $ 6.5 billion in 2009, according to the NYC comptroller's office.

Not exact matches

The city is weighed down with debt, billions in unfunded pension obligations, declining credit ratings, a police department often accused of using excessive force against African - Americans, a rising tide of murders, and a host of other troubles.

Stringer, who is leading the effort to vote down Mylan's current board, oversees New York City pensions that together own more than 1.1 million shares of Mylan stock.

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.

A so - called Grand Bargain taps into $ 816 million from foundations, the Detroit Institute of Arts and the state of Michigan to ease pension cuts and protect city - owned art work from sale.

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.

Earlier this year, Indiana passed right - to - work legislation and two cities in California voted to curb the pensions of public sector workers.

Retirees now far outnumber active workers among the city's 700,000 residents, and unfunded pension liabilities are a key source of its problems.

After warning the City of Stockton that its pension obligations did not enjoy a privileged position in federal bankruptcy court, U.S. Bankruptcy Judge Christopher Klein proceeded to confirm the city's plan of adjustmCity of Stockton that its pension obligations did not enjoy a privileged position in federal bankruptcy court, U.S. Bankruptcy Judge Christopher Klein proceeded to confirm the city's plan of adjustmcity's plan of adjustment.

The state is also suffering a major fiscal crisis that is impacting its budget, pension fund and tax revenue — and the capital city of Hartford is teetering on the brink of bankruptcy.

Orr was unable to persuade a host of creditors, unions and pension boards to take pennies on the dollar to help facilitate the city's massive financial restructuring.

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.

If President Trump takes some or all of that $ 1 billion funding away, all San Francisco residents will lose because we'll all be forced to pay higher taxes to help fund our inefficient city government and its underfunded pension system.

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 Firefighters» Pension System of the City of Kansas City, Missouri, Trust, 414 East 12th Street, Kansas City, MO 64106, which held 100 shares of our common stock on November 7, 2008; along with the following co-filers: Miami Fire Fighters» Relief and Pension Fund, 2980 N.W. South River Drive, Miami, FL 33125 - 1146, which held 10,785 shares of our common stock on November 8, 2008; and the City of Philadelphia Public Employees Retirement System, Two Penn Center Plaza, 16th Floor,

A so - called Grand Bargain taps in to $ 816 million from foundations, the DIA and the state of Michigan to ease pension cuts and protect city - owned art work from sale.

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.

The city's unfunded pension liabilities (i.e., pension debt) ballooned to an officially reported total of nearly $ 65 billion as of fiscal 2016, up from $ 60 billion just three years earlier.

Based on the Illinois Supreme Court's May 8 overturning of the statute that governs the State of Illinois» (A3 negative) pensions, we believe that the city's options for curbing growth in its own unfunded pension liabilities have narrowed considerably.

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.

Climate change activists around the city, including the leader of a Sunset Park group, are praising a decision by the de Blasio administration to divest $ 5 billion in pension holdings from companies dealing in fossil fuel.

Cities and villages across the state are raising taxes or implementing new ones for a variety of functions, from attracting a fast - food restaurant to catching up on rising pension costs.

Canada Pension Plan Investment Board recently committed to a $ 234 - million joint venture to build a residential, office, retail and hotel space in the city of Suzhou, China, for example.

Ivanhoé, the real estate investment arm of pension plan manager Caisse de dépôt et placement du Québec, has been most successful in buying properties in New York, and now has more than 5.5 million - square - feet of the city's real estate in its portfolio, says Adam Adamakakis, executive vice president of US Investments at Ivanhoé.

The city of 300,000 plans to cut payments to bondholders while leaving intact pension obligations to public workers and retirees.

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.

> Matthew J. Price was associate director of the Duke Pastoral Leadership Project at Duke Divinity School in Durham, North Carolina, and is now director of analytical research at the Episcopal Church Pension Group in New York City.

If they planned to get anything out of City, then they all - Kean and Venky's - need to be relieved of their duties on medical grounds, then pensioned off to a large walled compound to tend plants and live happily in institutionalised calm.

John Adler was named chief pension investment adviser and director of the New York City mayor's office of pensions and investments.

As I said earlier, the society expects more of the government: citizens expect them to deal with the pollution in the cities, they expect them to put in place a better and proper health service, they expect pensions, [and] they expect their children to have reasonable schools to go to.

Away from the City's boardrooms and the secure confines of Westminster, many individuals and companies are struggling to reconcile the need for adequate pension provision with the challenge of running a sound business.

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.

For what it's worth, Spitzer and Bloomberg are again disagreeing — this time over the mayor's warning that NYC could very well go the way of Detroit if his successor fails to control the city's rapidly rising health care and pension costs.

Lawmakers are also considering an extension of a tax break for lower Manhattan real - estate that is favored by the Real Estate Board of New York and a provision to bolster New York City police and firefighter pensions.

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.

«As a fiduciary of the New York City Employee Retirement System for the last 8 years, Scott has worked with his fellow trustees to grow the City's pension funds through prudent investments, improving diversification and ensuring more rigorous assessment of risks to investments such as corporate accountability and violations of environmental regulations.»

Senate Republicans passed a broad disability pension hike favored by the city unions, but Assembly Democrats honored the New York City Council's home rule message in favor of de Blasio's alternatcity unions, but Assembly Democrats honored the New York City Council's home rule message in favor of de Blasio's alternatCity Council's home rule message in favor of de Blasio's alternative.

Yesterday marked the end of a second straight sub-par fiscal year for most of the nation's state and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSTRS).

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.

New financial - disclosure forms released yesterday show at least one member of the council, Karen Koslowitz, is double - dipping from the public trough, earning a $ 122,500 salary as a city lawmaker while collecting her city pension, of at least $ 60,000 a year.

As I explained in the post below, city residents may also be paying state taxes to cover the pension contributions of localities elsewhere in the state, even as city residents pay more than anyone anywhere for the city's own pension contributions.

However, by far the most expensive of all the public pension changes proposed this year — a restoration of generous disability retirement benefits for recently hired New York City police and firefighters — did not win approval before the legislative session ended.

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.

Their actions protect both the integrity of the pension system and the fiscal condition of a city that needs to shepherd its resources to meet a broad range of needs.

Koslowitz built up her pension after 23 years on the city payroll, including a decade in the council that ended in 2001 after the arrival of term limits.

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.

Meanwhile, things that could address systemic problems and save the city and state real money, including public pension reform, get shouldered off the road in favor of transient quick fixes like taxes on soda and cigarettes.