Sentences with phrase «state public pension fund»

AUSTIN, Texas — Campus Advantage, a leader in student housing, today announced the acquisition of Eagles Reserve in Auburn, Ala., as the 10th and final acquisition of a joint venture with a major state public pension fund.

California Treasurer Phil Angelides wants his states public pension funds to push for accurate corporate environmental accounting.

Not exact matches

Public pension funds are required by the states in which they are domiciled to report on their PE holdings.

The New York State Common Retirement Fund, which is the third - biggest public pension fund in the U.S., cut its target last month from 7.5 percent to 7 percFund, which is the third - biggest public pension fund in the U.S., cut its target last month from 7.5 percent to 7 percfund in the U.S., cut its target last month from 7.5 percent to 7 percent.

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).

In short, because they pool longevity risk, can offer a well - diversified portfolio with longer - term investments, and are professionally managed, public pension funds deliver the same level of benefits as DC plans at only 46 percent of the cost.15 Any funds invested with the state pension fund would be kept in a separate investment pool from public sector funds.

Anne Sheehan is the Director of Corporate Governance for the California State Teachers» Retirement System (CalSTRS), the largest teacher's public pension fund in the USA, where she is responsible for overseeing all corporate governance activities for the fund including proxy voting, company engagements and managing $ 4 billion placed with activists managers and sustainability managers.

A number of public pension funds, like those in the state of Connecticut, have discussed the prospect of selling their shares.

In Kentucky, where the public pension fund is on the verge of collapse, teachers are demanding a State bailout.

Or the state could turn its sizable pension fund into a self - sustaining public bank.

The next phase of public pension reform will likely be touched off by a stock market decline that creates the real possibility of at least one state fund running out of cash within a couple of years.

And better yet, if the Fed can keep the pensions thinly solvent by pumping up the stock market, Congress and State Governments can defer the inevitable taxpayer bailout of public pension funds — for now.

The public awareness of the degree to which State pension funds are underfunded has risen considerably over the past year.

He concluded that, based on the current stated amount of underfunding at every big pension fund, if the Dow / SPX declined 10 % or more over a sustained period of time — where «sustained period» is defined as 3 - 4 month — every public pension fund in the country would collapse.

According to the Center for Retirement Research at Boston Collage, US public pension funds at the state and local level are also underfunded by an average of 67.9 %.

Glass Lewis provides proxy research and recommendation services to eight of the ten largest public pension funds * in the United States and to some of the largest public pension funds in Europe, the United Kingdom and Canada.

If we look at the past, the National Association of State Retirement Administrators has stated that, over the last 10 years, the return for public pension funds has been 5.7 %.

And, if so, how does she explain that to the public, particularly New York State pension fund holders?

«My first job as state comptroller is to protect the one million members, and the rest of New York State taxpayers, from the irresponsibility that has left New Jersey, Illinois, California and dozens of other public pension funds across the nation dangerously under - funded, DiNapoli state comptroller is to protect the one million members, and the rest of New York State taxpayers, from the irresponsibility that has left New Jersey, Illinois, California and dozens of other public pension funds across the nation dangerously under - funded, DiNapoli State taxpayers, from the irresponsibility that has left New Jersey, Illinois, California and dozens of other public pension funds across the nation dangerously under - funded, DiNapoli said.

Connecticut State Treasurer Denise Nappier said the state is open to selling public pension funds» positions in firearm manufacturers if the companies don't take measures to curb gun use by dangerous peState Treasurer Denise Nappier said the state is open to selling public pension funds» positions in firearm manufacturers if the companies don't take measures to curb gun use by dangerous pestate is open to selling public pension funds» positions in firearm manufacturers if the companies don't take measures to curb gun use by dangerous people.

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»).

Yesterday marked the end of a second straight sub-par fiscal year for most of the nation's state and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSstate and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSState Teachers» Retirement System (NYSTRS).

New York should lead all states toward more thorough and truthful public - pension accounting — linked to a more prudent funding method, as recommended by, among others, the Blue Ribbon Panel of the Society of Actuaries.

Tax - funded public - pension costs for every level of state government rose from absolutely minimal levels in 2000 to a grand total of more than $ 16 billion last year, half of it in New York City alone.

The fund, run by state Comptroller Thomas DiNapoli, is also heavily weighted to stocks — and, like all public pension funds, is allowed to calculate its funding needs based on accounting assumptions that would not pass muster in the private sector.

Among those myths is the notion — oft - repeated by DiNapoli — that public - pension funds are «long - term investors» that can stick with their assumptions through thick and thin, riding out the kind of market volatility that saw the state funds» return on assets veer from a 26 percent loss in 2009 to a 26 percent gain in 2010.

ALBANY, N.Y. (AP)- The New York state comptroller says the state's public pension fund is nearing $ 207 billion thanks to strong results from financial markets over the past year.

New York Governor Andrew Cuomo previously has said he planned to halt future fossil fuel investments in the state's public employee pension fund.

Enabling P3s would give the state access to capital from pension funds, sovereign wealth funds, insurance companies, private equity firms and concessionaires to supplement public dollars.

The New York state comptroller says the state's public pension fund is nearing $ 207 billion thanks to strong results from financial markets over the past year.

The State Assembly has passed legislation that would strip taxpayer - funded pensions from public officers convicted of corruption, as well as a resolution aimed at preventing conflicts of interest with regard to legislators» outside income.

The city's four biggest funds, including those for teachers, firefighters and cops, lagged their peers in a Post analysis of the 50 «most active» city and state public pension private equity investors.

Tax returns for state Comptroller Thomas DiNapoli show the sole trustee for the $ 152 billion pension fund received almost $ 9,000 from investments and interest on top of his $ 146,838 public salary in 2012.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

DiNapoli has suggested his office should be used as a test - case for public campaign financing at the state level to get out from under the pay - to - play pension fund scandal of his predecessor.

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.

«Our objectives remain to promote the abolition of those obnoxious states» laws, which seek to allow former governors to receive life pensions either now or in the future when friendly governments are in place in their states, and to secure full recovery of public funds.

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.

ALBANY — New York state's public pension funds are underfunded by a staggering $ 120 billion — and taxpayers will have to shell out an additional $ 8.5 billion a year by 2015 to keep them in the black, according to a report released yesterday.

He also has to find funds for the state's cash - starved public worker pension system.

E.J. McMahon: «Yesterday marked the end of a second straight sub-par fiscal year for most of the nation's state and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSTRS).&rstate and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSTRS).&rState Teachers» Retirement System (NYSTRS).»

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.

DiNapoli is close and quite popular with the public workers unions whose pension fund he manages and Cuomo, as governor, was preparing to do battle with state workers over a less generous contract, threatening layoffs in the process.

Lawsky also outlines in the letters that his department — which melded the Insurance and Banking departments in 2011 — has the existing authority to oversee and audit the state's public pension funds.

Cuomo already netted one big scalp in his ongoing pay - to - play pension fund probe this month when former state Comptroller Alan Hevesi pleaded guilty to a felony charge of public corruption (his second since 2007).

DFS is expected to issue a series of reports on individual areas of concern in the state's public pension funds.

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.

«Funston's independent analysis confirms that the New York State Common Retirement Fund is a leader among public pension funds in this country and is setting a standard for transparency and ethics,» DiNapoli said in a statement.

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 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 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.

Manatt, Phelps & Phillips will pay the state a $ 550,000 fine and agreed not to appear before any public pension fund in New York for at least five years.