New York's Department of Financial Services has been closely examining the state's multibillion - dollar
public employee pension funds for the past two years, and its findings will soon be made public.
Amid ongoing warnings about
underfunded public employee pension funds, more than a dozen California state lawmakers are augmenting their $ 107,242 salaries by collecting retirement payments from previous government jobs, a practice that taxpayer activists condemn as «double dipping.»
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.
New York City's
biggest public employee pension fund is poised to vote today to begin pulling its investments from hedge funds, the latest move by a large pension plan to scrap an investment path that once promised big returns.
What: Forced out of office in 2006 for trading access to New York's $ 124 billion
public employee pension fund for $ 1 million in benefits — including campaign contributions and luxury trips to Israel and Italy.
Legislators in New Jersey and teachers in Florida are now calling for
public employee pension funds to sell their shares of firearms companies.
Pension income, whether from
a public employee pension fund or from a private employer, is also taxable.
New York Governor Andrew Cuomo previously has said he planned to halt future fossil fuel investments in the state's
public employee pension fund.
What: Forced out of office in 2006 for trading access to New York's $ 124 billion
public employee pension fund for $ 1 million in benefits — including campaign
New York State's
public employee pension fund is putting billions of dollars into green energy and renewable energy
NEW YORK — Former state Comptroller Alan Hevesi traded access to New York's $ 124 billion
public employee pension fund for $ 1 million in benefits — including campaign contributions and luxury trips to Israel and Italy.
Unfortunately, the new state budget won't help either despite allocation an additional $ 6 billion from the state's reserves to pay
its public employee pension fund.
It seems like an odd, even convoluted tale: The director of New York state's
public employee pension fund, nearly $ 2 million of which is invested in doughnuts (and ice cream, since Dunkin' also owns Baskin Robbins), filed a resolution asking that the company reconsider its use of palm oil, whose production is a major contributor to deforestation in Indonesia and elsewhere.
Amid ongoing warnings about underfunded
public employee pension funds, more than a dozen California state lawmakers are augmenting their $ 107,242 salaries by collecting retirement payments from...