Sentences with phrase «of public pensions»

The proposal is to reduce the return of the public pension fund from eight percent to seven percent.

So we can't afford the increased cost of public pensions.

The funded status of public pension plans has been a frequent topic in the news in recent years.

A coalition of public pension systems told the nation's largest banks that the foreclosure crisis has endangered not just home owners but shareholders and local economies.

When federal candidates knock on your door in the next few weeks, we should all try raising the topic of public pensions to see what commitments they will make.

Would any of the critics of public pensions want to live on that each week?

The problem with pensions is the cost of public pensions is increasing exponentially.

At the end of last year, equities made up nearly 54 % of public pension fund portfolios.

When federal candidates knock on your door in the next few weeks, we should all try raising the topic of public pensions to see what commitments they will make.

The next phase of public pension reform will likely be touched off by a stock market decline that creates the real possibility of at least one state fund running out of cash within a couple of years.

A Siena Research Institute poll in May found 77 percent of voters wanted all state employees, including legislators, to be stripped of their public pensions when convicted of crimes related to their public jobs.

Clearly, at least some people have been concerned about the pragmatism of public pensions for decades before our current crisis.

Based on a detailed study he did internally, he estimates the true underfunding of all public pensions in aggregate is at least $ 8 trillion.

A press conference will be held to call for reforms to the state's Martin Act to allow the Attorney General to sue on behalf of public pension funds for pension losses due to securities fraud.

The prevalence of public pensions in the U.K., which require ongoing cash streams to service their obligations, has helped to create a market culture that values higher yields.

They allow lower and middle income families to shield their retirement savings from high rates of taxation and clawbacks of public pensions, leveling the tax «playing field» compared to high income families with access to many tax - planning strategies.

Without cutting benefits drastically or, in the case of public pension funds raising taxes steeply to cover pension beneficiary outflows, some public pensions will hit the wall within 12 - 24 months.

This brief uses data from the Current Population Survey Annual Social and Economic Supplement5 to examine the importance of public pensions to black retirement security, and why the twin threats to public pensions — cuts to state pension benefits and the decline in public employment over the past two decades — particularly threaten the retirement security of African American workers.

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.

«Unfunded liabilities of public pension plans continue to loom over state governments nationwide,» the report states.

We demanded that New York stop investing billions of public pensions fund dollars in the oil, gas and coal companies that are causing storms like Sandy, Maria and Irma.

He noted that «about two - thirds of the public pension funds that we follow have reduced their return assumptions since 2008, some more than once.»

A number of public pension funds, like those in the state of Connecticut, have discussed the prospect of selling their shares.

That opportunity is to attract or retain the business of public pension funds and union related funds (which control approximately $ 3 trillion in assets), the institutional leaders in the shareholder empowerment movement, which are shifting their portfolios away from high cost, actively managed mutual funds and hedge funds to low cost indexed funds, the kind of funds that the top 10 largest mutual fund advisors dominate in terms of market share.

And better yet, if the Fed can keep the pensions thinly solvent by pumping up the stock market, Congress and State Governments can defer the inevitable taxpayer bailout of public pension funds — for now.

A colleague of mine who works at a pension fund did a study last year in which he concluded that, because of the extreme degree of public pension underfunding, a 10 % decline in the stock market for a sustained period — i.e. more than 3 or 4 months — would cause every single public pension fund to blow up.

The point of public pension reform is to reduce the risk for New York taxpayers, who — in addition to their own financial concerns — now stand behind a constitutional guarantee of defined - benefit pensions for all current and future state and local government retirees.

Cuomo, who had never previously taken a public position on the issue, said in his veto message, «The existing statutory limits on the investment of public pension funds are carefully designed to achieve the appropriate balance between promoting growth and limiting risk.»

The other four are the sort - of completed teacher evaluation issue, achieving an overhaul of public pensions, expanding the DNA database and expanding gambling in New York.

Both houses of the New York State Legislature have now approved a bill expanding the share of public pension funds that can be invested in complex, high - risk alternative assets such as private equity and hedge funds.

Alia Smith, arguing for the Manhattan Institute, said «there is zero evidence in the record... that there has been any significant invasion of privacy» from disclosing the names and amounts of public pensions.

According to Buck, the new method is generally used by the majority of public pension systems nationwide.

Stec congratulated Stefanik and said he would work hard on behalf of both election reform and continue to fight against corruption in Albany, specifically seeking to get a constitutional amendment on the ballot by next year that would call for stripping elected officials convicted of crimes of their public pensions.

Whether due to cutbacks of public pensions, the lack of retirement plans offered by private employers, or workers forced to raid their savings, it appears to a growing number of advocates and politicians that many Americans will be forced to keep

We addressed this problem by adjusting the actuarial costs to a common discount rate that accurately reflects the low - risk nature of public pension benefits.

Critics of public pensions often complain that these pension plans have long vesting periods and reward the longest serving employees.

This works well because of public pension reforms.

He is also a member of the National Association of Public Pension Attorneys (NAPPA) the National Association of Shareholder & Consumer Attorneys (NASCAT), the Texas Trial Lawyers Association, Louisiana State Bar Association, Baton Rouge Bar Association, Texas State Bar Association, American Bar Association, College of the State Bar of Texas, the Louisiana Bar Foundation and a supporting member of the Trial Lawyers for Public Justice Foundation.

As a result, our lawyers are keenly attuned to the sensitivities and needs of public pension funds, government agencies, and other managed funds.

«We've been working diligently to reduce the cost of public pensions on the taxpayers.

In January, for example, SSR Realty purchased two 72,000 sq. ft. office buildings in a suburban Seattle corporate park for $ 26.1 million, or $ 180 per sq. ft., on behalf of a public pension fund client.

They allow lower and middle income families to shield their retirement savings from high rates of taxation and clawbacks of public pensions, leveling the tax «playing field» compared to high income families with access to many tax - planning strategies.