Sentences with phrase «pension fund lost»

ALBANY — More bad economic news for New York: The state pension fund lost 8.9 % of its value over the past three months.

Many of the factors that gave rise to the dire predictions can be traced back to the market crash of 2008 — 09 — Canadian pension funds lost 21.4 % of their value in 2008 — and its low - interest aftermath.

Given the harrowing lessons of the financial crisis, during which pension funds lost 20 to 30 percent, it's also at least five years too late.

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.

California's two biggest pension funds lost more than $ 5 billion (U.S.) since June 2014 because of the declining value of their fossil fuel holdings, while Norway's massive sovereign fund, which has already divested many of its fossil fuel assets, still lost $ 40 billion between July and August, partly because of falling oil prices.

Not exact matches

But it turned out to be a lousy year for private pension funds, which lost ground on their funding levels.

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.

In the end, the insiders sold out at the top of the market, leaving pension - fund investors with stocks whose prices were falling and bonds that were losing their prospects of being paid off.

In 2008, our research paper The UK Pensions Crisis found that occupational pension schemes lost between # 150 and # 225 billion in growth, as a result of the abolition of Advanced Corporation Tax relief on pension funds in the 1990s.

Blaming the Pension problem on the legitimate Civil Servants in the State, Counties, Municipalities and non-faculty School District employees is a fiction being promoted by the «Insiders» and their Business Council allies, the latter whom saw their defined contribution pension funds tank and with it those in retiree status or near retiree status losing half of their nesPension problem on the legitimate Civil Servants in the State, Counties, Municipalities and non-faculty School District employees is a fiction being promoted by the «Insiders» and their Business Council allies, the latter whom saw their defined contribution pension funds tank and with it those in retiree status or near retiree status losing half of their nespension funds tank and with it those in retiree status or near retiree status losing half of their nest eggs.

Four years earlier, Faso lost the state comptroller's race by a very slim margin to Democrat Alan Hevesi, who ended up resigning in disgrace thanks to the so - called Chauffeurgate scandal and then serving time behind bars for his role in a massive pay - to - play pension fund scandal exposed by Spitzer's sucessor in the AG's office, Andrew Cuomo.

He has under - performed the average pension fund, losing $ 8 billion in the last year alone.)

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.

The IIRA piggybacked on the anti-bank sentiment of the post-collapse Occupy Era, and promised implicitly to «recover» the moneys lost by large pension funds as the stock market went down.

Liberal Democrat pensions spokesman David Laws said the ruling showed people who lost their pensions before the protection fund was set up were «grotesquely short - changed» and said ministers must now recognise their «moral responsibility» to help.

The nation's third - largest pension fund continues to recover the shock of the 2009 financial crisis when it lost billions of dollars in value.

The government will now be under pressure to reconsider whether it compensates people who have lost pensions from public funds.

The state pension fund which DiNapoli is responsible for lost 8.9 percent of its value in the months of July, August and September, for a total loss of $ 13.1 billion, down to $ 133.8 billion from its June 30 -LSB-...]

The state pension fund which DiNapoli is responsible for lost 8.9 percent of its value in the months of July, August and September, for a total loss of $ 13.1 billion, down to $ 133.8 billion from its June 30 number of $ 146.9 billion.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

In a new report released yesterday by the institute's Empire Center, we find that pension contributions will skyrocket over the next several years, because the state's pension funds made risky bets in the stock market and lost — leaving taxpayers, not public employees, to pay the bill.

The New York State Pension Fund, and the taxpayers who have to backstop it, have lost billions of dollars because Tom DiNapoli made risky investments on Wall Street in an attempt to meet an unrealistic return expectation that any private sector money manager in America — except maybe Bernie Madoff — would know is a fallacy.»

«Tower Heist» is a modern comic fable about working stiffs (the serving class of a cushy NYC high - rise) stung by Wall Street excesses (the penthouse billionaire, the lost pension fund) trying to stick it to «the man» in some soul - satisfying ways.

Rising pension and national insurance costs, coupled with new pressures such as the apprenticeship levy and hiring targets, mean schools are losing money despite a pledge by the government to protect core schools funding in this Parliament.

MEA lost 6.7 percent of its active members in 2015, but the real problem is its failure to fund obligations to staff pensions and post-retirement health care.

If you leave or lose a job where you had a pension plan that requires or gives you the option to transfer your funds out of the plan, maintaining the tax - deferred status of your hard - earned savings is the key to living the life you want in retirement.

Additionally, if you are considered about losing any retirement funds, there are provisions of the Ohio bankruptcy exemptions that apply to and protect pensions.

If your pension is 80 % funded, say, you won't lose more than the other 20 %.

It's one thing when most companies aren't offering a pension anymore but when the one thing you do have (which you have to fund as well), could be lost just because you didn't spend x number of years at your company — you really are handcuffed.

Bear Stearns averted a meltdown this time, but if delinquencies and defaults on subprime loans surge, Wall Street firms, hedge funds and pension funds could be left holding billions of dollars in bonds and securities backed by loans that are quickly losing their value.

There are a lot of desperate pension plans looking to make up for lost time, and hoping against hope, buying dividend paying and growth stocks, high - yield bonds, alternatives like hedge funds, private equity, etc., at the wrong time.

The problem isn't limited to public pension funds; many corporate pension funds have lost so much ground that they are also pursuing riskier investments.

When a company can not transform itself, the second issue is to work with employers and the government to make sure employees have options like early pensions or funds to create new businesses that can employ people who lose their jobs.

Financial Times titled «Private equity retreats from renewables fad,» of Feb. 21, 2014 quoted Joseph Dear, chief investment officer of Calpers, of the world's sixth - largest pension fund, as describing clean - tech investment as a «noble way to lose money.»

When advised that Slater and Gordon's investors (mainly two large pension funds) had lost over Six Hundred Million dollars, one ABS supporter dismissed it as «growing pains».

Andy McGregor, RPC banking litigation partner, says: «The banks are already under a huge amount of regulatory pressure in relation to manipulation of the foreign exchange market, but in financial terms the banks face a similar risk as regards civil litigation from pension funds and other fund managers that lost money because of FX manipulation if there are adverse regulatory findings.

«There's certainly a huge amount of interest in this case; we've had a lot of phone calls — co-counsel from media, other law firms, and pension funds that have lost money.

Millions of government workers are relying on these plans, and with various states in a pension shortfall, employees are at risk of losing much - needed funds.