Sentences with phrase «public pension money»

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.

Not exact matches

As the private deals get too big for VCs to underwrite on their own, some public money is making its way into them, through direct investments from mutual funds like Fidelity, Janus, and T. Rowe Price, and indirectly via pension - backed hedge funds and private equity.

Trotsky said the pension has about 10 percent of its money in PE — around the national average for large public retirement funds — and has no plans to change that.

They're the policemen, they're the firemen, they're the teachers, they're the civil servants of America today who have their money in public pension funds being managed in the U.S. equity market.

We include corporate CEOs, the head of the Canadian public pension fund and an activist investor, and the heads of a number of institutional investors who manage money on behalf of a broad range of Americans.

Glass Lewis customers collectively manage nearly $ 8 trillion and include more than half of the top 15 mutual fund families *, more than half of the top 15 institutional money managers * and more than half of the top 15 public pension funds.

* Note: Mutual fund families, as listed by Strategic Insight (August 2004); institutional money managers, as listed by Institutional Investor (July 2004); and public pension funds, as listed by Pensions & Investments (January 2004).

* Note: Public pension funds, as listed by Pensions & Investments (Jan. 2006); Money managers, as listed by Institutional Investor America's Top 300 (2005); and Mutual fund families, as listed by Strategic Insight (Nov. 2005.)

The Times went further, saying that the island's total financial collapse will only make things worse: «Government workers will forgo pension money, public health and infrastructure projects will go wanting, and the «brain drain'the island has been suffering as professionals move to the mainland could intensify.»

He had dealt with various areas such as agriculture, old soldiers, public health, war treaties, capitalism, capital punishment, coinage, communism, land, old age pensions, divorce, artificial insemination, slaughter houses, reformation of criminals, tramps money, over population and others.

The bruising process of reforming public sector pensions will not save the taxpayer any money, a respected economic thinktank has argued.

Here, public pension funds did not go to the best - qualified money manager.

Meanwhile, things that could address systemic problems and save the city and state real money, including public pension reform, get shouldered off the road in favor of transient quick fixes like taxes on soda and cigarettes.

Generally more than half the money in New York's public - pension funds is invested in stocks.

According to the report, despite the convictions, Percoco is eligible to collect $ 36,000 a year in pension money, despite a new law that was passed in the fall that would authorize a judge to cut or reduce pension payments for public officials found guilty of a felony crime, but since Percoco's crimes were committed before Jan. 1, he will not be stripped of his payments.

The appearance was a climax of sorts — though not the end — to an ongoing pay - to - play scandal that has enveloped the pension fund and exposed a seamy system in which gifts and campaign funds were exchanged for vast investments of public money.

But rather than suggest that supporters donate money or warm clothing directly to OWS, the WFP — which has done its best to bleed city residents dry with high taxes and runaway public - employee pension benefits — told the e-mail's recipients that «just $ 5 a month supports our fight for a better New York.»

Showing his law firm the state money (2006): Silver shuffles the Judiciary Committee, and a Senate - passed bill to bar pension - drawing public employees from suing their employers dies without a vote.

They're fat, sclerotic, over-regulated, spending money on unaffordable welfare systems, huge pension bills, unreformed public services.

A source close to the mayor said: «It is impossible to justify spending hundreds of thousands of pounds of taxpayers money on pensions at a time of severe public sector cuts and wage freezes.

«The Post Office has long provided the public with a face - to - face means of investing their money securely, in Government - backed pension funds and bonds.

They also admit that money cut from pensions will go to the Treasury to help pay off the deficit, not into pension schemes, which the union says amounts to a tax on working in the public sector.

Labour's shadow work and pensions secretary Rachel Reeves said millions of working families would lose money if the reports were true and urged Cameron to «come clean with the public about their plans to cut child benefit and child tax credits».

Heastie said the initiatives would help by «limiting the influence of outside money in our elections and taking pensions away from corrupt public officials.»

Public pension plans are reporting dismal investment returns this year, a development that will likely mean governments will have to pony up more money in the coming years.

In a way, the public might thank the public wowrker for its pension funds which invest a lot of money every day into the stock market.

Public sector pensions are unaffordable, we have no money, but as long as «WE» keep borrowing and spending, then Brown can say «HE» has done a good job of pulling us through the crisis which «HE» started.

He identified a number of reforms that the Assembly would advance, including closing the LLC campaign finance loophole, limiting the influence of big money in politics, and allowing for the pension forfeiture of corrupt public officials.

If he was really standing up for a principle then he would say that public sector employees have worked equally hard for their money and are entitled to their pensions on the same terms as anyone in the private sector.

DiNapoli has said the plan, which required future public employees to pay more towards their pensions and receive less in return, won't save state and local governments money in the short run.

Unlike New York City's public employee pension, which voted to exit its hedge fund portfolio, the state pension isn't planning to yank its money from hedge funds, Fuller said.

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 invested.

The gap between the promises states have made for public employees» retirement benefits and the money they have set aside to pay these bills was at least $ 1.4 trillion in fiscal year 2016, according to Pew's comprehensive analysis on pension and retiree health care funding.

CHICAGO — Illinois Governor Bruce Rauner said on Monday he intends to block money earmarked for Chicago Public Schools» (CPS) teacher pensions under recent legislation because he feels it is too much of a «bailout» for a badly managed system.

What he said was that instead of using that money to fully fund pensions promised to public sector employees — teachers and school employees — instead we were using it to hire extra staff.

«No Money in the Bank» does more than layout the many dimensions of the public sector pension crisis in crisp, highly readable prose, though it does that very well indeed.

3) National: David Webber urges a rule change by the Labor Department to ensure that public pension trustees act in the interest of public employees, and not use pension fund money to promote outsourcingto private, for - profit companies that kill public jobs.

Money spent on public teacher pensions is often left out of analyses of school finance equity.

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 exPublic 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 expublic pension fund officials to exchange ideas and learn from other members as well as professional money managers and industry experts.

According to the official release issued by the Personnel, Public Grievances and Pensions Ministry, you can assess your superannuation money along with recording complaints via the pension calculator.

Respondents included 33 asset managers that actively manage money for institutional funds, 12 institutional funds, including corporate pensions, public pensions, foundations, and endowments, and five insurance companies.

With pension and retiree healthcare costs rising, and tax revenues either falling, or not rising so rapidly, that squeezes out money from other public services.

In the four years before President Macri's arrival, the Argentine economy grew at a paltry 1.6 % rate per year — meaning that, in per capita terms, it didn't grow at all... Consumer inflation, on the other hand, averaged almost 30 % per year... At the end of May, the government announced a plan to increase public pensions and devolve tax revenues to the provinces that, if implemented (which is almost certain), will cost the national government a significant amount of money and make meeting primary deficit targets... all but impossible to achieve.

Institutions such as governments and corporations use the capital markets to raise money through public offerings of bonds and stocks or through private placements of securities to institutional investors such as pension funds and insurance companies.

In that time, teachers unions have gained tremendous political power, Democrats have laundered millions of public money through union dues to the Democrat's campaigns, and public school teachers have gotten massive unfunded pensions that are bankrupting states, but guarantee their efforts on election day in getting more progressives elected.

A particular area of interest is complex financial schemes and he has played a leading part in investigations relating to investment, tax and pension schemes, international financial frauds, money laundering, organised criminality and the corruption of public officials.

In fact, public pension plans contributed the most money to the fund of any investor group, according to a Blackstone press release.

Many have second incomes, inherited money, have pensions, a spouse, incorporate and then declare bankruptcy with regularity over the years, assumed mortgages when they could even though illegal, and when house prices went up they borrowed equity, bought more homes, have rental income, etc. — but they make it out to the public that all is made through real estate.