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Earlier this June, the New York City Council voted to adopt its $101 billion Fiscal Year 2023 Budget, of which $5.53 billion in funding was allocated for NYPD uses. [read post]
5 Jan 2012, 5:25 am by Lucas A. Ferrara, Esq.
Board of Trustees of City of New York Fire Depart. [read post]
5 Dec 2008, 8:13 pm
The unit, headed by former City of Albany Comptroller Thomas Nitido, will correct past abuses of the Retirement System and work to prevent abuses in the future.DiNapoli said the $104,231.15 will be used to make whole the pension fund and, where appropriate, pay back local governments for contributions made to the pension fund on behalf of these attorneys. [read post]
22 Dec 2010, 9:00 pm
An excellent New York Times piece today recounts what happened. [read post]
15 Jun 2010, 11:16 am by By DEALBOOK
Bloomberg of New York City recently defended Steven Rattner, the former private equity executive and friend who will manage his fortune. [read post]
4 May 2009, 9:02 am
According to an article in a Wall Street Journal blog (the article is here), the Los Angeles City Employees' Retirement System ("LACERS"), which has about $9 billion in assets, has joined a number of other public pension funds in taking steps to improve the disclosures made in connection with how it does business, in the wake of the pay-to-play scandal at New York State Common Retirement Fund ("CRF") Unlike the CRF,… [read post]
2 Sep 2016, 7:00 am by The Public Employment Law Press
[Hector], a New York City firefighter who died responding to the terrorist attacks on September 11, 2001. [read post]
25 May 2023, 2:08 am by Public Employment Law Press
At issue here is whether Tier 3 police officers in the New York City Police Pension Fund (PPF) who otherwise might be eligible for retirement credit under the statutory provisions discussed in the decision may use those provisions to apply prior non-police service toward their eligibility for retirement. [read post]
25 May 2023, 2:08 am by Public Employment Law Press
At issue here is whether Tier 3 police officers in the New York City Police Pension Fund (PPF) who otherwise might be eligible for retirement credit under the statutory provisions discussed in the decision may use those provisions to apply prior non-police service toward their eligibility for retirement. [read post]
8 Dec 2008, 6:31 pm
Rashbaum and Alison Leigh Cowan at City Room: A prominent New York lawyer who was arrested last week in Toronto for impersonating the legal adviser to a pension fund was arrested by U.S. authorities on fraud charges when he returned to New York City on Sunday night, officials said today. [read post]
25 Feb 2013, 4:00 am
New York State Common Retirement Fund Announces Third Quarter Results The New York State Common Retirement Fund’s (Fund) rate of return for the third quarter ending December 31, 2012 was 1.74 percent, according to New York State Comptroller Thomas P. [read post]
16 Apr 2010, 8:00 am by Lucas A. Ferrara, Esq.
  In 2004, before Anderson obtained a securities license, Ares Management LLC paid Platinum fees totaling approximately $337,000 in connection with investments from both the CRF and the New York City pension funds. [read post]
20 Dec 2014, 6:52 am by The Public Employment Law Press
The investment was made through the Fund’s In-State Private Equity Program, which is designed to make profitable investments in New York state-based companies.DiNapoli: New York City’s Financial Outlook ImprovingNew York City’s revised four-year financial plan shows substantially smaller out-year gaps than projected by the city in June 2014, mostly because of higher tax revenues and lower projected… [read post]
14 Sep 2011, 9:44 am by Fei-Lu Qian
Fourteen institutional investors including the California Public Employees’ Retirement System, Connecticut Retirement Plans and Trust Funds, New York City Pension Funds, New York State Office of the Comptroller and North Carolina Department of State Treasurer are urging the SEC to issue new regulations on proxy access in order to give shareholders the right to include their candidate for the Board of Directors on… [read post]
25 Nov 2013, 4:00 am by The Public Employment Law Press
Pension Board's ignoring a long-standing interpretation of law addressing eligibility for certain retirement benefits ruled arbitrary and capricious Richter v Kelly, 2013 NY Slip Op 07803, Appellate Division, First DepartmentThe New York City Police Pension Fund's Medical Board examined an applicant for Accidental Disability Retirement [ADR], a police surgeon, and certified that this disability was the result of an accidental injury… [read post]
6 May 2016, 1:55 pm by Steve Bainbridge
Bloomberg reports: More than two-thirds of companies that received proxy access proposals this year from the New York City pension funds have agreed to implement the director-nomination mechanism... [[ This is a content summary only. [read post]
4 Mar 2021, 4:00 am by Public Employment Law Press
The New York City's Police Pension Fund Board of Trustees [Trustees], as the result of a tie vote, denied an  application for accidental disability retirement [ADR] pension benefits filed by the Applicant. [read post]
19 Nov 2022, 4:32 am by Public Employment Law Press
Heggen, the New York State Police and the New York State Department of Motor Vehicles announced Christmas Fish of Halfmoon, N.Y. has been charged with grand larceny for allegedly stealing nearly $13,000 of her deceased mother’s pension benefits. [read post]