Sentences with phrase «public pension fund officials»

The Public Funds Summit is an annual event that offers a unique opportunity for public pension fund officials to exchange ideas and learn from other members as well as professional money managers and industry experts.

Not exact matches

The two men who oversaw prosecution of the pay - to - play pension fund scandal that resulted in former comptroller Alan Hevesi's jail sentence today both said the penalty should serve as a warning against other public officials seeking favors and gifts while in office.

«The individuals in my district are incredibly hard - working people, and there is no reason they should be funding the pensions of public officials who choose to use their position in government to break the law.

One measure that seems particularly close to an agreement is the elimination of taxpayer - funded pensions for officials convicted of public corruption.

«While some public officials have touted proposals of varying merit, I have ended the potential for the shameful corruption that had plagued the Pension Fund.

The governor also said he would push for a change to the state constitution that would deprive a convicted public official of a pension, end the use of campaign funds for personal use and curtail legislative «per diem» payments to cover only actual expenses.

Their package includes plans for a public funding of political campaigns, retroactively stripping pension beneifts of a public official who has been convicted of felony corruption charges, restricting the use of campaign funds for criminal defense and tighten campaign disclosure reports to identify lobbyists.

The disgraced public official pleaded guilty in 2010 to felony charges for accepting nearly $ 1 million in gifts for funnelling $ 250 million of the state's public pension money to a particular private equity fund.

The «End New York Corruption Now Act» would also expand the powers of the attorney general's office to prosecute public corruption, create new criminal categories for undisclosed self - dealing and bribery, and change the pension forfeiture rule passed earlier this year to prevent state funds being used even to provide for a convicted official's spouse or children.

Supporters of Mr. Cuomo's proposals — which include increased disclosure of outside income, restricting personal use of campaign funds and pension forfeiture for public officials convicted of crimes — say they would probably cost little to put into effect.

Cuomo proposes to extend a system of public campaign finance to all statewide offices and legislative races, ban the use of campaign funds for personal expenses, require the disclosure of outside income and the clients who supported it and change the state Constitution to allow prosecutors to claw back the pensions of officials convicted of public corruption.

State officials have taken a big step in the fight against public corruption, as the Legislature has approved a proposal to enact a constitutional amendment that would strip taxpayer - funded pensions from state and local leaders who commit felonies in connection with their office.

«As elected officials, it is incumbent upon us to safeguard public investments, such as contributions to the pension funds,» said Assemblyman Joe Lentol (D — Brooklyn), Chair of the Assembly Codes Committee.

Shockingly, no public official has standing to recover losses for the public pension funds, which now have a combined $ 250 billion in assets.

«It's just unfathomable that a public official who has been convicted will continue to receive a taxpayer - funded pension.»

Relations were much friendlier in the earliest days of the investigation, in summer 2007, when Mr. Cuomo's office began scrutinizing the tiny circle of associates around State Comptroller Alan G. Hevesi, who had positioned themselves as middlemen between financial firms seeking investments from the New York State Common Retirement Fund — the third largest pension fund in the country — and the public officials who controlled how the money was invesFund — the third largest pension fund in the country — and the public officials who controlled how the money was invesfund in the country — and the public officials who controlled how the money was invested.

District officials say the fundamental problem has been that CPS has long been unfairly treated in the way the state divvies funds for public education and pays for teacher pensions.

That's because officials in Chicago Public Schools ignored demographic projections of declining enrollment and borrowed billions for construction anyway — while contributing nothing to teacher pension funds for a decade.

In the case of public pension funds, investments are directed by municipal officials who often delegate the investment strategy and asset manager hiring recommendations to consultants, causing even greater divergence between the interests of beneficiaries and sponsor.