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4 Dec 2014, 9:34 am by Yuliya Oryol
On November 17, 2014, the California Public Employees’ Retirement System (CalPERS), the largest U.S. public pension fund with approximately $300 billion in assets, conducted its annual real assets program review. [read post]
4 Dec 2014, 6:58 am by Stephen D. Rosenberg
Either benefits will be reduced, even for those already retired, or the taxpayer, in some form or another, is going to have to bail out those pension funds. [read post]
3 Dec 2014, 12:39 pm by Steve Bainbridge
In my book, Corporate Governance after the Financial Crisis , I argued that: ... the costs of institutional investor activism likely outweigh any benefits such activism may confer with respect to... [[ This is a content summary only. [read post]
3 Dec 2014, 8:30 am by Kyle Krull
States differ on taxing interest income from tax-free municipal bonds, and some states give tax credits, treat public and private pensions differently, or offer federal, military or blanket exclusions. [read post]
2 Dec 2014, 12:09 pm by Steve Bainbridge
Alison Frankel reports: Last June, when Delaware’s General Assembly was contemplating legislation to prohibit fee-shifting provisions that would require shareholders to pay defense costs for failed... [[ This is a content summary only. [read post]
1 Dec 2014, 4:06 am by Kevin LaCroix
”   As detailed in Alison Frankel’s November 26, 2014 post on her On the Case Blog entitled “Big Pension Funds Mobilize Against Delaware Fee-Shifting Clauses” (here), the Council of Institutional Investors and a coalition of public pension funds have launched a letter writing campaign to Delaware politicians and other key players. [read post]
29 Nov 2014, 8:10 am by Walter Olson
Substitute-teaching for one day triggered entitlement to a tax-funded pension worth nearly $1 million for a pair of Illinois teacher’s union lobbyists [Adam Andrzejewski, Forbes, citing 2011 Chicago Tribune investigation] Tweet Tags: Illinois, public employment, schoolsThe Illinois way in public employment is a post from Overlawyered - Chronicling the high cost of our legal system [read post]
The Comptroller of the City of New York, who oversees pension funds with a combined $160 billion in assets, recently submitted proxy access shareholder proposals at 75 U.S. public companies as part of its Boardroom Accountability Project. [1] These 75 companies, representing a wide range of industries and market capitalizations, were targeted based on three "priority issues": climate change, board diversity, and executive compensation. [read post]
24 Nov 2014, 6:00 am by Doug Cornelius
The employee thought the limitation didn’t apply in this situation because the adviser was not seeking new investments from the Colorado public pension fund. [read post]
21 Nov 2014, 4:26 am by Donald Barbati
The State’s pension system, which governs the retirement and health care payments for thousands of public workers, has become one of the most controversial issues of Governor Christie’s second term. [read post]
17 Nov 2014, 7:03 am by Anthony Fairclough
Public bodies will now need carefully to consider giving details of rejected options and the reasons for the rejection. [read post]
10 Nov 2014, 9:03 am by Kit Case
Penalty money paid as a result of a citation is placed in the workers’ compensation supplemental pension fund, helping injured workers and families of those who have died on the job. [read post]
5 Nov 2014, 3:05 am by Broc Romanek
The Laborers District Council Construction Industry Pension Fund, No. 13-435, to decide the standard of liability for statements of opinion. [read post]
4 Nov 2014, 9:35 am by Richard Booth
Laborers District Council Construction Industry Pension Fund, holding that the pension fund stated a cause of action under Section 11 of the 1933 Act by alleging that a registration statement for a public offering by defendant Omnicare contained a false statement of material fact, even though that statement was framed as a belief or opinion that the Omnicare “was in compliance with applicable federal and state laws. [read post]
2 Nov 2014, 11:14 am by Richard Booth
Laborers District Council Construction Industry Pension Fund. [read post]
27 Oct 2014, 4:20 am by Kevin LaCroix
The complaint (which can be found here) was filed on by the Irving Fireman’s Relief and Retirement Fund, a pension fund for the Irving, Texas firefighters. [read post]
26 Oct 2014, 8:00 pm by Richard Johnston
However, there is little specific regulation of benefit plans other than pension plans. [read post]