Sentences with phrase «on city pensions»

Mayoral hopeful John Liu infuriated Mayor Bloomberg Thursday with an optimistic outlook on city pensions - one that appeared to question Hizzoner's need to slash teachers and fire companies.

Comptroller hopeful and City Councilwoman Melinda Katz (D - Forest Hills) Monday called on the U.S. Securities and Exchange Commission to ratify proposed rule changes that would allow shareholders to nominate directors on corporate boards — a change she says would have tremendous impact on city pension funds.

Not exact matches

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.

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.

The Ba1 rating on Chicago's GO debt incorporates expected growth in the city's highly elevated unfunded pension liabilities.

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.

And companies can't take on more debt, nor can states and cities because they're being badly squeezed by falling tax revenues and rising pension plan shortfalls.

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.

The proposed $ 100.8 million budget will spend millions on police and fire pensions as well as a 3 percent pay raise for city workers.

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.

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.

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

Cuomo defended the newly approved Tier Six retirement plan, saying it would prevent layoffs at the local level, given the strain pensions have put on counties, cities and other local municipalities.

«Scott was among the first to call for a ban on private placement agents for City pension investment and also worked to advance shareholder initiatives to align corporate executive pay with long - term performance, promote workplace diversity, increase transparency and sustainability, and disclose corporate political spending.»

Similar results can be expected from New York City's five municipal - worker pension funds, which also bank on 7 percent returns.

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.

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.

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.

Senator Savino, a former high ranking union official, says municipal union leaders in New York City have not yet been adequately briefed on a policy that would represent a big change for public pensions.

The New York City bill would have imposed roughly $ 400 million in new costs on city taxpayers in the next four years, adding billions in liabilities to an already under - funded pension sysCity bill would have imposed roughly $ 400 million in new costs on city taxpayers in the next four years, adding billions in liabilities to an already under - funded pension syscity taxpayers in the next four years, adding billions in liabilities to an already under - funded pension system.

TUC general secretary Brendan Barber: «The speech contains important issues to welcome - restoring the state pension link with earnings, cracking down on high - risk activities in the City, and an extra push on green energy.

The Mayor went on the say that what does threaten the city are rising pension and health care costs for public employees.

The New York legislature was closing down on an end - of - session deal that would strip convicted lawmakers of their pensions, extend mayoral control of New York City schools for one more year, and legalize daily fantasy sports gambling.

In addition, the city's pension contribution is slated to exceed $ 8.2 billion and health benefits are on track to surpass $ 9.1 billion in Fiscal Year 2015, which takes effect July 1, 2014, according to the city's most recent fiscal plan.

* 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.»

Staten Island Borough President Jim Molinaro applied for his city pension this year — on top of his $ 160,000 city salary — but then had second thoughts about how his constituents in the city's most conservative borough would view the double - dip and pulled back the application.

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.

Wolfson did not comment directly on de Blasio, who is at odds with Cuomo over the issue and is favoring a more fiscally conservative pension plan, but his comments put him on the side of City Hall in its dispute with the state.

And we can count on him to make smart investments with our pension dollars that catalyze job growth right here in the city of New York.»

The pension liabilities for New York state and New York City have been kept in check over the years by hiking contributions, but increasing costs could place pressure on future budgets, according to report released this week by Moody's.

Mayor Bill de Blasio announced a tentative agreement on Thursday with the New York City firefighters» union for a seven - year labor pact that includes retroactive raises for firefighters, new disability pension protections and increased staffing for 20 of the Fire Department's roughly 200 engine companies by 2019.

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.

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.

Liu touts a combined 12.1 percent return on investments in fiscal year 2013, when the city's five pension funds grew from $ 111.3 billion to $ 124.8 billion.

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.

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.

The state legislature was closing in on an end - of - session deal that would strip convicted lawmakers of their pensions, extend mayoral control of New York City schools for one more year, and legalize daily fantasy sports gambling.

«It's like a family saving $ 5,000 for future roof repairs when they can't afford to put food on the table,» said John Murphy, former executive director of NYCERS, the city's biggest pension system.

The governor and the legislative leaders, meanwhile, announced an agreement on a budget scheme allowing the state and many local governments — but not New York City — to «borrow» nearly $ 6 billion over the next three years from the state pension system in order to use the funds to make required annual contributions back to the pension fund.

Mayor Bloomberg seeks to clamp down on pension benefits for mu nicipal employees that he says — quite rightly — are drowning the city in red ink.

New York City Mayor Bill de Blasio said Monday his administration had reached disability pension agreements with three municipal unions, deals that raised the amount of money received by employees who are injured on the job.

Deputy Mayor Stephen Goldsmith blamed the cuts squarely on skyrocketing pension costs, which have forced the city to up the pension allocation by a billion dollars to $ 8.3 billion in 2012.

De Blasio sent a letter to the city's Police Pension fund in January this year, calling on its board to vote for divestiture.

More NYPD cops are abandoning their blue uniforms before getting their pensions, the city's largest police union charged on Tuesday.

For three solid years, this city agency (and inspector general's office that is governed by New York State), continue to conceal evidence that could have restored my job, career, pension and retirement benefits, but chose to look the other way, while I had to spend tens of thousands of dollars defending myself in court for charges that never existed, and that were exposed to the MTA Inspector General after an oral argument hearing on May 9, 1991 revealed the deception and cover up.

Astorino, who lobbied Albany on the initial pension plan plan with New York City Mayor Michael Bloomberg, knocked the compromise in Syracuse for being «watered - down.»