Sentences with phrase «of pension trustees»

We have advised on a number of deals where pension liabilities have been apportioned to another group company with the agreement of the pension trustees, including advising alongside a top City pensions practice on a groundbreaking flexible apportionment arrangement structure.

The reaction of the pension trustees to the restructuring is not just a HR issue, it is a financial issue, and one that needs careful management.

The issue of culture clash and staff change management are usually the remit of the HR team, but the powers of pension trustees can make this a concern for the finance team as well.

Joanne's work focuses on developing and implementing legal strategies to drive greater integration of climate - related financial risks into the investment decisions of pension trustees and other asset owners and asset managers in the pensions industry.

Not exact matches

The code allows the state's trustees, who manage the state pension fund, «to invest any funds of the trust in any instrument, obligation, security, or property that constitutes legal investments.»

The board of trustees would contract out the fund's investment and management to the state pension fund (s).

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.

Latest case in point comes from a NY Times report that de Blasio is trying to strong - arm trustees of NYC employee pension funds — who are supposed to be fiduciaries of their beneficiaries, not mayoral rubber stamps — into divesting from oil stocks:

In addition, she has served on the Pension Plan Board of Trustees of the University Health System in San Antonio and is currently a trustee of the Southwest Research Institute and on the Development Board of the University of Texas Health Science Center San Antonio.

Here's one of the pension's trustees explaining their thoughts on this unorthodox strategy:

The Times thinks Hevesi's plea has «provided the best argument» for doing away with the sole trustee model of overseeing the pension system.

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.»

To support private sector efforts in expanding access to housing, the Ministry of Finance will partner with banks, pension trustees and securities market players to start a process of developing and deepening the local mortgage and housing finance market to offer affordable mortgages at subsidized interest rate beginning with public sector workers.

Liberal Democrat and experienced member - nominated trustee Janice Turner will deliver a policy motion on Saturday — backed by pensions minister Steve Webb — pushing for reform of both defined benefit and defined contribution pensions.

«We are pleased to be an investment partner with the Community Preservation Corporation on this shared mission to help revitalize New York's communities and increase the availability of affordable housing,» said New York State Comptroller Thomas P. DiNapoli, trustee of the New York state pension fund.

«As trustee of the pension fund, I participated in the U.N. conferences in Paris and in Bonn and witnessed the worldwide determination to limit global warming.

The unions challenged the Finance Ministry's decision to use Pension Alliance Trust as a sole trustee of the second - tier pension scheme for all employees on government's pPension Alliance Trust as a sole trustee of the second - tier pension scheme for all employees on government's ppension scheme for all employees on government's payroll.

Tax returns for state Comptroller Thomas DiNapoli show the sole trustee for the $ 152 billion pension fund received almost $ 9,000 from investments and interest on top of his $ 146,838 public salary in 2012.

«We appreciate the leadership of the Mayor and the pension trustees in requiring a study on the climate impact of the pension fund investments.»

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.

The New York Times in an 02/04/08 article (Investigation Into Bruno Broadens) claimed that a number of trustees of the pension funds invested with Wright had long time political relationships with Senator Joe Bruno.

DiNapoli says he'll use his influence as trustee of New York's $ 192 billion dollar state pension fund to «seek out sustainable investments and changes in corporate behavior» to help the Paris Agreement «become a reality».

New York has often been a beacon of progressive action; that's why we're coming together to call on Comptroller Scott Stringer and pension trustees stand with us on the right side of history.»

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 to...

Many of my constituents who are on occupational schemes, mostly from British Telecom, have found that their pensions have been changed only two years after they were renegotiated between the trustee and the pensioners.

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 Blasio.

«From my personal point of view, it's overdue for the Legislature to conclude their negotiations and take positive action on that,» said state Comptroller Thomas DiNapoli, who is the sole trustee of the state pension system.

Comptroller Thomas DiNapoli is trustee of the New York pension fund that's an investor in both retailers.

Some, especially Cuomo, argue that this episode clinches the argument for creation of a board to control state pensions, instead of leaving the comptroller as sole trustee.

Susan Lerner, Executive Director of Common Cause New York, talked to Steve Ference about the recent corruption with the state pension system, saying it's a clear sign New York needs to move away from a sole trustee deciding how the 129 billion dollar fund is invested.

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 comptroller.

The governor is a big proponent of pension reform, particularly when it comes to oversight of the pension system, which he would like to see under control of a board and not a sole trustee (the state comptroller).

State Comptroller Tom DiNapoli, sole trustee of the state public employee pension fund, is again pushing for energy giant ExxonMobil to disclose how efforts to mitigate global warming will impact its corporate bottom line.

Since then, she has co-chaired his transtition committee, become a NYPA trustee and been a staunch advocate for a number of his policies, including his controversial pension smoothing proposal that has caused so much friction between Cuomo and his hand - picked state Democratic Party co-chair, Syracuse Mayor Stephanie Miner.

But he's also making clear that he believes DiNapoli — not the governor — gets the final word on this subject as the sole trustee of the state pension fund.

The goal was to educate and build the skills of fund managers and pension fund trustees on the two new sub-asset classes which had been created under the pension scheme to be invested in private equities.

ALBANY, N.Y. (AP)-- The trustee of New York's $ 150.1 billion pension fund has reached an agreement with Cabot Oil and Gas Corp. to disclose what it's doing to reduce risks of hydraulic fracturing, or fracking.

The letter to the business secretary from Jane Newell, chairman of the pension fund trustees, comes ahead of Thursday's bill on reform of the service.

Lord Mandelson tonight raised the stakes in the battle over the future of the Royal Mail by releasing a letter from its pension trustees warning that if part privatisation does not go ahead, staff may have to see the value of their pension slashed in half.

They challenged the Finance Ministry's decision to use Pension Alliance Trust as a sole trustee of the second tier pension scheme for all employees on government pPension Alliance Trust as a sole trustee of the second tier pension scheme for all employees on government ppension scheme for all employees on government payroll.

We need Tom DiNapoli as State Comptroller and sole trustee of the pension funds to do the right thing and agree to divest, either voluntarily, or through state legislation.»

Matthew Cordaro, a former Long Island Lighting Co. executive who is now a LIPA trustee, said the additional pension costs point to the potential pitfalls of the public - private partnership under which LIPA has operated since its 1998 takeover of the electric grid.

Although elected statewide and with statewide fiscal auditing responsibilities, being the sole trustee of the Common Pension System gives the Comptroller a unique Upstate fiduciary responsibility.

«The Minister has just said that the Government proposals would provide greater security for postal workers» pensions, but can he confirm that clause 19 (6)(b) of the Postal Services Bill provides that this or a future Government could waive the pension guarantee and vary the terms of the postal workers» pensions without the approval of the trustees, who will lose their power to protect the pensions under the provisions of the Bill?

Also at 9 a.m., the executive committee of the board of trustees of the NYC Board of Education Retirement System participates in a common investment meeting of the New York City pension systems, 1 Centre St., Manhattan.

DiNapoli has filed a shareholder request as the trustee of the state's pension fund to have the company disclose the spending, which is due to be voted on Wednesday.

DiNapoli said he'll use his influence as trustee of New York's $ 192 billion state pension fund to «seek out sustainable investments and changes in corporate behavior» to help the Paris agreement «become a reality.»

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.

But Governor Cuomo, a long - time political rival of the comptroller, says it raises questions about the state comptroller's role as sole trustee of one of the largest pension funds in the nation.