Not exact matches
Given Osiris's strong five - year record of growth and profitability, Bowers was able to help make Miller's wishes
come true: he structured a deal that raised $ 13 million from a large local
pension fund — the Pennsylvania Public School Employees Retirement System (see «What Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend
pension fund — the Pennsylvania
Public School
Employees Retirement System (see «What
Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend
Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated debt and convertible preferred stock, which included a fixed interest rate and dividend yield.
Cuomo's press conference
comes on the heels of a WSJ report by Jacob Gershman (subscription required) in which the AG called
public employee pensions «disproportionate,» but stopped short of backing a plan to shift more of the cost — and risk — to workers.
to
public employee unions, sees similiarities between his approach and Cuomo's when it
comes to
pension fund reform.
Christie and Malloy have clashed repeatedly — and quite publicly — over both personality and policy, particularly when it
comes to negotiating with
public employee unions,
pension reform and budgeting.
It's not just that states and districts failed to save up for
pensions they knew would
come due, it's that they offered literally the cushiest
pensions available to teachers, notes a 2016 study: «as a group, [teachers] have by far the highest retirement costs, even compared with other
public - sector
employees.
When it
comes to
pension plans,
public employee unions (PEUs) insist on defined benefit
pension plans for its members.
More to
come on this important issue, but it is vital that
public officials, the media and the
public understand how the state
employee pension system actually works before talking about specific reforms.