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13 May 2015, 4:03 am
” The pension law at the center of the fight requires the State to increase payments into the public employees pension fund, while also freezing cost of living adjustments, raising the retirement age, and forcing workers to contribute more for their retirement. [read post]
11 May 2015, 6:00 am
Since that time, the state of New York the pension funds for public employees have been fully funded, and so I think we have good reason to believe that this type of language will be a mandate to the General Assembly to do something which they have not previously done in some twenty-two years. [read post]
9 May 2015, 8:06 am
Vale, Special Agent in Charge of the Albany Division of the Federal Bureau of Investigation, announced that former Member of the State Assembly William Scarborough, age 69, of Queens, New York, has agreed to enter guilty pleas on federal and state public charges stemming from public corruption investigations.http://www.osc.state.ny.us/press/releases/may15/050715.htm? [read post]
8 May 2015, 10:41 am
As we predicted, the Illinois Supreme Court has unanimously struck down the state Public Pension Reform Act. [read post]
7 May 2015, 3:54 pm
” See, e.g., Oswego Laborers’ Local 214 Pension Fund v. [read post]
7 May 2015, 6:21 am
Data Shows Campaign Fines Hit Record Low in 2014” by Eric Lichtblau for New York Times “Hillary Clinton’s Big-Money Dilemma” by Glenn Thrush and Anna Palmer for Politico Ethics California: “Transparency Gets Win as Funds OK’d to Digitize Financial Disclosure by Public Officials” by Alexandra Bjerg for California Forward Reporting Florida: “Broward Politicians Want Looser Ethics Code” by Brittany Wallman for South Florida Sun… [read post]
6 May 2015, 12:32 pm
Here's a little hypothetical that can help to convey it here.Suppose a PE hotshot (aka the Manager) gets tax-exempt investors, such as from pension funds and university endowments, to pony up $100 million ($100M) to buy stock in a public company, meant to be turned over for a large profit in fairly short order. [read post]
6 May 2015, 8:53 am
A victory for the unions could send billions more into a beleaguered pension fund. [read post]
4 May 2015, 8:01 am
The focus here is twofold: the link between securities fraud and public corruption, and the accuracy of representations in offering documents. [read post]
28 Apr 2015, 2:03 pm
(Photo by Mark Wilson/Getty Images) The NFL has been tax exempt since 1942 under section 501(c)(6) of the Internal Revenue Code which grants tax exempt status to: Business leagues, chambers of commerce, real-estate boards, boards of trade, or professional football leagues (whether or not administering a pension fund for football players), not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual. [read post]
27 Apr 2015, 1:12 am
Pension and Life Assurance Scheme, heard 2-3 February. [read post]
23 Apr 2015, 1:01 pm
” This funding better start helping soon and in the meantime, wish I had better news. [read post]
23 Apr 2015, 3:33 am
Here’s news from this blog by Davis Polk’s Ning Chiu: Companies with proxy access shareholder proposals on their annual meeting ballots are confronting a notice of exempt solicitation filed by the California Public Employees Retirement System (CalPERS) and the New York City Pension Funds urging shareholders to vote in favor of the proposals. [read post]
20 Apr 2015, 1:09 am
It is among the largest public pension funds in the U.S and one of the worst-funded. [read post]
13 Apr 2015, 12:00 pm
The funding mechanism DiNapoli is proposing would give public employers another option to help fund these benefits for present day employees. [read post]
9 Apr 2015, 5:06 am
Judge Jacobson said that we are, and that Governor Christie should obey the law and fund the pension. [read post]
7 Apr 2015, 7:44 am
The plaintiffs, a group of public pension funds, had sued Amedisys for allegedly misleading investors by omitting details about a Medicare billing scheme from the company’s SEC filings and other public statements. [read post]
6 Apr 2015, 7:22 pm
Supreme Court to hear appeal in pension funding case. [read post]
6 Apr 2015, 10:44 am
The State is appealing a February Superior Court ruling that it broke a contract with labor unions when Christie diverted $1.57 billion in planned pension funds to fill a budget deficit. [read post]
3 Apr 2015, 8:37 am
Laborers District Council Construction Industry Pension Fund, No. 13-435, 2015 WL 1291916 (U.S. [read post]
