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21 Jul 2011, 11:14 am
As reported by nj.com, three major public worker unions’ committees stopped donating to state lawmakers while the legislators, who face elections in November, were preparing to vote on a landmark overhaul of pensions and health benefits. [read post]
20 Jul 2011, 1:00 pm
Although titled with a Mississippi-based public employee pension plan as the first-named plaintiff, this action was brought on behalf of several similar plans in Wyoming, Connecticut, and California, including the massive Los Angeles County Employees Retirement Association. [read post]
19 Jul 2011, 9:11 pm
The plaintiffs in the class action securities lawsuit include a number of public pensions, including the New Orleans Employees’ Retirement System, Government of Guam Retirement Fund, Alameda County Employees’ Retirement Association, the General Retirement System of Detroit and the Louisiana Sheriffs' Pension and Relief Fund. [read post]
19 Jul 2011, 8:52 am
HR 33. broadens the exemption to church pension plans funded by tax-deferred annuities and plans that do not include self-employed individuals. [read post]
18 Jul 2011, 2:12 pm
Those signals include dropping his support of repealing the state ban on smoking in public places and dropping efforts to keep Wisconsin from receiving federal funds for some health programs. [read post]
18 Jul 2011, 7:08 am
When there's an economic contraction, demands on states for social services rises, precisely at a time when state revenue is falling (and the market value of state pension trust funds is also likely falling). [read post]
17 Jul 2011, 9:55 am
Houldsworth and another v Bridge Trustees Limited and another and Secretary of State for Work and Pensions, heard 20 – 21 June 2011. [read post]
16 Jul 2011, 12:39 pm
But the GOP isn't interested in funding the IRS at all. [read post]
16 Jul 2011, 12:39 pm
But the GOP isn't interested in funding the IRS at all. [read post]
14 Jul 2011, 12:41 pm
The provisions requiring authorization of expenditures may, depending on the applicable voting rules, empower activist shareholders, such as public pension funds, while submerging the preferences of many, perhaps a majority, of others. [read post]
14 Jul 2011, 11:36 am
Examples of potential benefits which would be disproportionately of interest to proposal sponsors are progress on labor rights desired by union fund managers and enhanced political reputations for public pension fund managers, as well as advancements in personal employment. [read post]
14 Jul 2011, 10:50 am
So I say: when the Treasury finally runs through all of its fiscal bag of tricks this next August 2, and can no longer create temporary head room by robbing one more pension fund, let it stop borrowing! [read post]
14 Jul 2011, 6:02 am
The law aims to prevent improper use of social security funds and ensure that all citizens have the access to social insurance benefits. [read post]
13 Jul 2011, 7:40 am
They're panicking in a city in Rhode Island, because the fund that the city has put aside for police and firefighter retirement is about to run dry. [read post]
12 Jul 2011, 8:46 am
See also the NYT and WSJ articles: (i) “Rules Aim to Increase Pensions' Transparency,” WSJ, July 8, 2011; and (ii) “A Proposal for Drawing a Clearer Picture of Public Pension Finances,” NYT, July 8, 2011. [read post]
9 Jul 2011, 9:58 am
And there are many conservatives these days who are in effect calling for states to repudiate their solemn debts regarding public pensions, by declaring bankruptcy. [read post]
9 Jul 2011, 8:46 am
Wells Fargo & Co. has agreed to pay $125 million to a group of pension funds to settle a class action filed by various public pension funds that purchased billions of dollars of mortgage-backed securities believing their money was in AAA-backed investments, according to a Wall Street Journal article by David Benoit entitled “Wells Fargo Settles Pension-Fund Mortgage Suit. [read post]
9 Jul 2011, 6:00 am
Nearly 300 members of Congress, including 58 Democrats, voted in February, 2011, not to fund the implementation of the “gainful employment” rule. [read post]
6 Jul 2011, 9:52 am
CA pension fund re-hires State Street despite lawsuitCalifornia Public Employees’ Retirement System, the pension fund behind the first lawsuit against embattled custody bank State Street Corp, has just signed a new three-year deal with the bank, according to a report by Bloomberg. [read post]
6 Jul 2011, 7:42 am
” The latest decision, handed down in May 2011, found the state’s current funding structure had failed to fully fund the School Funding Reform Act of 2008. [read post]
