The Park District acknowledges it did so, in part, to pad the executives» pensions, a practice
pension officials say is wrong.
The
ex-state pension official busted in a sex - drugs - and - rock -»n' - roll bribery case completely flew under the radar of state Comptroller Tom DiNapoli — who on Thursday said Navnoor Kang was fired over...
The ex-state
pension official busted in a sex - drugs - and - rock -»n' - roll bribery case completely flew under the radar of state Comptroller Tom DiNapoli, who said Navnoor Kang was fired over his management style, not the alleged corruption.
He also helped a brother of a senior New
York pension official distribute a low - budget film called «Chooch» through a DVD company controlled by Quadrangle.
For example,
many pension officials plan on using two sets of numbers when calculating pension obligations: one for official reporting purposes and another to determine taxpayers» pension bills.
DiNapoli also pointed the finger
at pension officials for ignoring red flags before bringing him on board, according to a report released Wednesday.
Much has been written about the case, which focused on how financial firms gained access to the New York State pension fund by providing favors and kickbacks to
state pension officials and those close to them.
New York state disclosure documents, however, list Mulrow as a Blackstone lobbyist «attempting to influence the decisions» of New
York pension officials «about the investment of pension funds.»
The
ex-state pension official busted in a sex - drugs - and - rock -»n' - roll bribery case completely flew under the radar of state Comptroller Tom DiNapoli — who on Thursday said Navnoor Kang was fired over his management style, not the alleged corruption.
Some pension officials said they don't plan to make drastic changes based on GASB's decision.
Pension officials are expected to announce a more precise figure in February.
But even this falls well short of what is needed and
pension officials are recommending an increase to 29 percent, to shore up funding for pensions and retiree health benefits.