Sentences with phrase «public pension system»

A coalition of public pension systems told the nation's largest banks that the foreclosure crisis has endangered not just home owners but shareholders and local economies.

Local governments are confronting the need for large sums of short - term cash as expenditure pressures mount — from such needs as continuing public services and financing shortfalls in public pension systems — but the economic recovery remains slow.

The state's chief fiscal watchdog, DiNapoli is the sole trustee of the Common Retirement Fund — the third largest public pension system in the nation, and holder of more than $ 200 billion in assets.

Former New York State Comptroller Alan Hevesi admitted Thursday that he traded access to one of the nation's largest public pension systems for personal benefits and political favors, agreeing to cooperate with the continuing investigation of the fund he once ran.

Prior to that, she performed financial reporting for two of Ohio's public pension systems from 1999 - 2013.

He helped restructure the public safety pension system in Jacksonville, Florida, and was chosen by The Pew Charitable Trusts to assist troubled public pension systems.

I was thinking about this the other day when I read an article in the Financial Times about the «disastrous» $ 3.4 trillion funding hole in the United States public pension system.

The report identifies asset managers and several states» public pension systems as institutions that have all taken action regarding gun manufacturer investments.

France's mostly taxpayer - funded public pension system may do better at ensuring every retiree is sufficiently funded (for now), and America's mostly private pension patchwork may be more sustainable into the future, but our hybrid system of individual -, employer - and government - funded benefits ranks high on both criteria, sufficiency and sustainability — «which is uncommon,» says Morin

Calpers, the country's biggest public pension system, is getting rid of all its hedge fund investments.

Earlier this week teachers who are part of the Colorado public pension system (PERA) staged a walk - out protest over proposed changes to the plan, including raising the percentage contribution to the fund by current payees and raising the retirement age.

Based on the stock indexes, it seems likely NYSTRS and the city funds, as well as other public pension systems with July 1 - June 30 fiscal years, will have much smaller gains (if any) for fiscal 2016, once again undershooting their targets.

.@EJMEJ: New York State's public pension system continues to expose taxpayers to unreasonable long - term risks.

A feature, not a bug: traditional public pension system puts taxpayers on hook when market slumps.

«The present public pension system is unsustainable,» said Levy, noting that Suffolk County faces a $ 50 million increase in pension costs next year.

Miner opposed the governor's plan to bail out financially struggling cities by permitting them to borrow against their own public pension systems.

New York City has become the first major public pension system in the nation to fully divest from private prisons...

According to Buck, the new method is generally used by the majority of public pension systems nationwide.

CHICAGO, Dec 5 (Reuters)- Illinois Governor Pat Quinn signed into law on Thursday landmark reforms to the state's woefully underfunded public pension system, prompting unions to begin preparing court action to challenge the law.

Retirement planning can be daunting, and in order to alleviate the uncertainty and stress and make the best personal decisions at the right time, NJPSA members can count on the expertise of the Retirement and Benefits Department to provide a clear understanding of the complex elements of the New Jersey public pension system.

A report expected next week on reforming Connecticut's state employee public pension system will recommend cutting the annual expected rate of return by 1 percentage point to 7 percent, a lead researcher told Reuters on Friday.

Working for Wilson's financial firm, Trichter said he has dealt with and helped turn around financially troubled public pension systems, including Jacksonville, Fla..

Business owners and those who are self - employed will get a little extra leeway, while government employees are limited by participation in public pension systems.

The divestment represents the latest move by the city's pension funds to dissociate the city's $ 160 billion worth of assets, one of the largest public pension systems in the country, from gun retailers, and firearm and ammunitions manufacturers in response to a wave of mass shootings.

Through those efforts to fix the CPP, Canada found itself almost alone among advanced countries with a public pension system that was stable and mostly effective.

When Leo de Bever looks at the risks facing Alberta's economy — and by extension its public pension system — the possibility of $ 70 - a-barrel oil looms large.

SS: People were given a choice to stay in the public pension system or switch to the private one.

America's public pension system is nothing but a tinderbox waiting to be lit, and Illinois just struck a match.

From Birch Gold Group After degrading for decades, America's public pension system is finally at its breaking point, and the first shoe is about to drop in Illinois.

The mayor, a trustee on the police pension fund's 12 - member board, pledged after the mass shooting in San Bernardino, California, in November, to push all five funds in the city's $ 155 billion public pension system to dump their investments in gun stocks.

Newspaper editorial boards, columnists and magazines continue to cite Sirota's investigative reporting for International Business Times on the public pension system.

According to the Pew Charitable Trusts, the funded ratio for New Hampshire's public pension system was 65 percent in fiscal year 2015.

The proposal would apply to any public official in a public pension system «convicted of a crime related to public service,» according to the bill.

No one but them is talking about amendments to eliminate collective bargaining, end the public pension system or remove the «forever wild» clause that protects the Adirondacks.

But it ignored the core problem in the public pension system: open - ended financial risk for taxpayers.

To supporters, the public pension system - covering workers in villages, towns, police and fire departments, libraries and schools - is an unchangeable pact between government and its workers.

There's still another problem here, common to all public pension systems: unlike private pension - fund managers, DiNapoli is allowed to «discount» future pension liabilities based on what he assumes he'll earn, rather than using the much lower «market» interest rate determined by low - risk bonds.

He has more than 36 years in the public pension system.

The fund is the third - largest in the nation, trailing California's two public pension systems, both of which have divested from some fossil fuel companies.

According to the Pew Charitable Trusts, the funded ratio for Missouri's public pension system was 81 percent in fiscal year 2015.

«We can't afford the public pension system that we have in this state.

The fund, one of the largest public pension systems in the nation, is now valued at $ 133.8 billion, down from $ 146.9 billion at the end of the first quarter on June 30, state Controller Thomas DiNapoli's office said Tuesday.

But that only applied to incoming legislators who joined the public pension system after Nov. 12, 2011.

That's why the Governor has called for changes in the public pension system for new employees.

We also have to focus on reforming the public pension system — one of the most expensive mandates for local governments.

According to the Pew Charitable Trusts, the funded ratio for Massachusetts» public pension system was 62 percent in fiscal year 2015.

«The reality is the vast majority of New York state public officials entered the public pension system well before then and therefore continue to operate under the old rules,» Buchwald said.