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.
Not exact matches
Other top
pension PE players over the same period were the Teacher Retirement System of Texas (15.5 percent); the Houston Firefighters» Relief and Retirement
Fund (13.6 percent); the Minnesota
State Board of Investment (14.4 percent); and the Iowa
Public Employees» Retirement System (14.1 percent).
Cuomo did call for some things that will be unpopular with
public employee unions (freezing pay, creating a Tier VI in the
pension fund, reducing the size of
state government — a move that will undoubtedly necessitate job cuts, but he makes no mention of that I can find in «The New NY Agenda: A Plan for Action»).
New York Governor Andrew Cuomo previously has said he planned to halt future fossil fuel investments in the
state's
public employee pension fund.
Similarly, the amount
state and local governments will have to pay into the
state's main
pension fund for other
public employees would double to nearly $ 4 billion — even if most localities opt into a borrowing scheme approved this year by lawmakers to soften the blow.
In a major blow to Gov. Chris Christie that complicates his 2016 ambitions, a New Jersey judge ruled that he violated
state law when he declined to make the full payment into the
state's
pension system for
public employees last year and ordered him to find a way to
fund it now.
New Yorkers also oppose (56 - 37) reducing
pension benefits for
public employees, despite the fact that experts like the Empire Center's EJ McMahon have warned the
state is headed for a serious fiscal mess if generous taxpayer -
funded benefits packages aren't scaled back soon.
Among the findings:
States will face continued pressure due to skyrocketing Medicaid costs, underfunded
pensions for retired
public employees and volatile tax revenues, as well as reduced federal
funding.
The
fund pays for
pensions of both
state workers and local
public sector
employees.
In a new report released yesterday by the institute's Empire Center, we find that
pension contributions will skyrocket over the next several years, because the
state's
pension funds made risky bets in the stock market and lost — leaving taxpayers, not
public employees, to pay the bill.
ALBANY, NY (02/13/2012)(readMedia)-- The New York
State Public Employees Federation (PEF) today commended State Comptroller Tom DiNapoli for his stand in favor of a secure pension fund for public wo
Public Employees Federation (PEF) today commended
State Comptroller Tom DiNapoli for his stand in favor of a secure
pension fund for
public wo
public workers.
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.
Michael Mulgrew, president of the UFT, said: «The
pension and retirement
funds of New York
State educators,
public employees and unionists should avoid investing in private equity
funds, such as New Mountain Capital or other private equity
funds, that maximize profits by denying the most fundamental rights of workers.
The rift deepened last year, after Sweeney reneged on a pledge to allow a
public referendum on constitutionally guaranteeing that the
state regularly contribute to its
public employee pension funds.»
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.
Established by the Illinois
state legislature in 1895 as The
Public School Teachers» Pension and Retirement Fund of Chicago, CTPF is the administrator of a multi-employer defined benefit public employee retirement system providing retirement, survivor, and disability benefits for certain certified teachers and employees of the Chicago Public Sc
Public School Teachers»
Pension and Retirement
Fund of Chicago, CTPF is the administrator of a multi-employer defined benefit
public employee retirement system providing retirement, survivor, and disability benefits for certain certified teachers and employees of the Chicago Public Sc
public employee retirement system providing retirement, survivor, and disability benefits for certain certified teachers and
employees of the Chicago
Public Sc
Public Schools.
Some
public employee pension plans around the country are less than 50 percent
funded, and
states and localities sometimes struggle to meet their benefit obligations, especially for
pensions.
First, she wants to increase the number of
public employees enrolled in a cash - balance plan rather than the
state's
pension fund.
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.
In addition to the Lead Plaintiff, the Iowa
Public Employees» Retirement System, Orange County
Employees» Retirement System («OCERS»), the
State of Oregon, by and through the Oregon
State Treasurer and the Oregon
Public Employee Retirement Board on behalf of the Oregon
Public Employee Retirement
Fund («Oregon») and the General Board of
Pension and Health Benefits of the United Methodist Church («the General Board»), all were appointed class representatives and Cohen Milstein was appointed Class Counsel in the litigation in October 2011.
In a widely expected ruling, the Illinois Supreme Court has upheld a Cook County
state court ruling holding that a
state law,
Public Act 98 - 641, reducing annuity benefits for
employees and retirees of the City of Chicago, in exchange for increased contributions to certain
pension funds, was unconstitutional.
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...