Topic: Pensions
Cuomo seeks probe of public retiree payments
Reuters US Online Report Politics News
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 root out abuses. Pension payments to retirees in two ...
Calif. pension fund seeks to boost its influence
AP News
Calif. pension fund makes move likely to increase its influence over corporationsThe 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 number of proposals its board can file each ...
Ex-official admits guilt in NY pension probe
AP News
Ex-official pleads guilty in NY pay-to-play pension probe, admits politics guided investmentsA 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 paid kickbacks to other officials to get the ...
FDIC prodding pension funds to invest in failed banks: report
Reuters US Online Report Business News
(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 trying to attract pension funds that want to ...
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