Sentences with phrase «of city pension funds»

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.

Not exact matches

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.

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.

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.

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,

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.

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.

«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.»

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.

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.

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.

* 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.

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

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.

«I am honored to have been selected by Commissioner Nigro to lead the establishment of an independent agency to operate the Fire Pension Fund and enhance the quality and level of service afforded to firefighters and fire officers as they approach retirement after providing years of selfless service to the citizens of New York City,» Cassidy said at the time.

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.

Comptroller Scott Stringer says he is pulling New York City's pension fund out of companies that provide private prison services.

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.

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.

Representing $ 180 billion, New York City's pension funds have yet to take necessary bold action on par with what the climate crisis requires, explained the organizers of the action.

Hours later, over 100 New Yorkers rallied at Comptroller Scott Stringer's office, delivering a divestment valentine with thousands of petition signatures urging the City's pension funds to divest coal, oil and gas holdings.

Comptroller Scott Stringer and the trustees of the New York City Employees» Retirement System (NYCERS), one of the city's five pension funds, voted unanimously tCity Employees» Retirement System (NYCERS), one of the city's five pension funds, voted unanimously tcity's five pension funds, voted unanimously to...

The total boost for 45 of the bureau's 61 positions would top more than $ 2 million, and comes after the Stringer got an external firm to review what similar positions pay on Wall Street, at city nonprofits and at other sizable public pension funds.

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.

All five Borough Presidents sit on the Board of Trustees of the city's pension fund — including Scott Stringer, who defeated Spitzer to win the Democratic nomination for City Comptroller, and Public Advocate Bill de Blacity's pension fund — including Scott Stringer, who defeated Spitzer to win the Democratic nomination for City Comptroller, and Public Advocate Bill de BlaCity Comptroller, and Public Advocate Bill de Blasio.

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.

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...

Currently, roughly 76 percent of the city's $ 36.8 million budget is consumed by obligatory expenses, including mandatory payments into the state pension fund and the Safety Net welfare program.

E.J. McMahon: «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).»

«We are continuing to move forward with our audit program of the state and city pension funds.

His experience as a trustee of the New York City Employee Retirement System — where he has helped to grow the city's pension funds and advance important shareholder initiatives around corporate governance, environmental stability and workplace safety — positions him to be a great comptrolCity Employee Retirement System — where he has helped to grow the city's pension funds and advance important shareholder initiatives around corporate governance, environmental stability and workplace safety — positions him to be a great comptrolcity's pension funds and advance important shareholder initiatives around corporate governance, environmental stability and workplace safety — positions him to be a great comptroller.

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.

It's a bit of a stretch to compare Cuomo's borrow now, pay later pension plan to then - President Ford's 1975 denial of federal funds to nearly bankrupt New York City.

«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.»

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 Comptroller).

At the top of the WFP's immediate agenda, look for fat raises (and an end to all talk of pension reform) for rank - and - file city employees (DC Council 37 and others); for Albany to finesse a moratorium on hospital economies (SEIU 1199) and de Blasio's signature millionaire - tax - funded baby - sitting, that is, «early childhood education» scheme (UFT Local 2).