NEW YORK (Reuters) - New York authorities, agencies, and local governments that pay public workers some of the highest salaries and benefits in the state must explain how they are calculated, the attorney general said on Thursday in a new bid to ...
Calif. pension fund makes move likely to increase its influence over corporations The board of California's giant public pension fund voted Monday to remove the limit on the number of shareholder proposals it can issue to companies in its portfolio. Lifting the ...
Ex-official pleads guilty in NY pay-to-play pension probe, admits politics guided investments A former top investment officer for New York's state pension fund admitted Wednesday that he helped channel hundreds of millions of dollars in public retirement money to investment firms that ...
(Reuters) - U.S. regulators are encouraging public pension funds that control more than $2 trillion to inject capital directly into the banking system by buying failed lenders, Bloomberg said, citing people briefed on the matter. The Federal Deposit Insurance Corp (FDIC) is ...
WASHINGTON (Reuters) - The U.S. agency that insures corporate pensions will assume plans covering 5,800 workers and retirees of a joint venture in California between Toyota Motor Corp <7203.T> and General Motors Co <GM.UL> that closes at the end of the month. ...
It looks like more pain for California's taxpayers, as CALPERS will reduce the return assumption on its state employee pension plan. The lower the assumed return, the higher the annual contribution needed from employees and taxpayers to pay out retirees.From the WSJ:Calpers ...
<div><p>OAKLAND, Calif (Reuters) - Calpers, the nation's largest public pension fund, does not face "moral hazard" despite state guarantees of pension solvency, the funds chief investment officer said on CNBC on Wednesday, in comments responding to a Reuters report.</p><p>"Does the ultimate taxpayer ...
<div id="subtitle">Court: NY comptroller must return lawyers' pensions; hearings required to revoke benefits</div><div><p>New York Comptroller Thomas DiNapoli must return $500,000 in public pension benefits and credits to private lawyers who received them for doing part-time jobs, according to recent lower court decisions.</p> ...
<div id="subtitle">North Dakota's Rep. Pomeroy: Give pension funds more time to recover value from market crash</div><div><p>U.S. Rep. Earl Pomeroy says the nation's pension funds need more time to recover their value from last year's market crash.</p><p> ...
<div id="subtitle">Colo. fiscal stability commission backs allowing more international students at state colleges</div><div><p>A Colorado legislative committee studying long-term fiscal reform has approved a bill giving colleges and universities more flexibility, and a study of the state's complicated state and local tax structure ...
