NYS pushes to boot Boeing bigwigs, block executive raises using pension fund after series of company mishaps
New York state plans to use the weight of its pension fund to push for the firing and blocking of pay raises for three Boeing Co. executives following a series of corporate disasters. State Comptroller Tom DiNapoli, who oversees the fund, voted against a shareholder proposal that argued Boeing’s corporate giant shouldn’t get raises because […]
Ohio Attorney General sues to remove two from teacher pension board – The Columbus Dispatch
State law allows the attorney general to file a civil suit to remove a public pension board member if the member fails to act in the plan’s best economic interest. Last week, Yost launched an investigation into whether some directors breached their fiduciary duties. Gov. Mike DeWine sent a letter to Yost and other state […]
NYPD, FDNY, teachers and NYC worker pension funds have millions sunk in TikTok parent ByteDance
WASHINGTON – Millions of dollars from U.S. pension funds, including those for New York police officers and firefighters, are being taken away by TikTok’s Chinese-controlled parent company Byte, which is under standing orders from Congress to sell the popular social media platform. There is a high possibility that you are invested in dance. Otherwise you […]
Groups call for investigation into NY state pension funds over possible ties to ‘predatory’ legal lenders
A newly assembled coalition of critics has called for an investigation into New York’s pension funds to find out whether their huge accounts support the seedy world of third-party legal lending. a wide range of groups – Representing businesses, workers and governments – Asking State Auditor Tom DiNapoli and City Auditor Brad Lander to take […]
Ohio AG investigating alleged 'hostile takeover' inside teacher's pension fund – News 5 Cleveland WEWS
COLUMBUS, Ohio — Ohio Attorney General Dave Yost has launched an investigation into teachers’ pension funds following allegations that a “hostile takeover” has put educators’ funds at risk. The Ohio State Teachers Retirement System (STRS) is a $90 billion pension fund that has been embroiled in controversy for years. reformers Educators have had a tough […]
FDNY skipper Thomas Waller that collided, killed firefighter quitely retires with pension worth at least $110K annually
The pilot of the FDNY fireboat that collided with another vessel and killed a visiting Belgian firefighter has quietly retired with a six-figure annual increase in his three-quarters disability pension. This was revealed in a report by the Post. Firefighter Thomas Waller, who retired this month after 22 years on the job, will receive a […]
Teamsters pension fund returns $127M to Treasury after overpaying almost 3,500 dead participants
The Teamsters pension fund returned $127 million in overpayments to the U.S. Treasury this week — months after an internal investigation revealed nearly 3,500 dead members in its kitty. Thomas Nyhan, executive director of the Central States Pension Fund, which handles retirement benefits for the International Teamsters Association, announced the repayment amounts Monday as part […]
Disney Bruised In Board Vote Battle As Pension Fund CalPERS Backs Nelson Peltz & Ex-CFO – Deadline
Aaron P/Bauer Griffin/GC Images/Getty Images A violent boardroom clash between the Mouse House and activist investor Nelson Peltz has turned one of the nation’s largest pension funds into a veritable battleground, about 100 hours before the deadline for all Disney shareholders to vote. fired a cannon. On April 3, the California Public Employees Retirement System […]
St. Louis reverses firefighter pension change – St. Louis Post-Dispatch
ST. LOUIS — Aldermen on Friday overrode Mayor Tishaura O. Jones’ veto and reversed changes to the firefighter pension system adopted years ago to rein in runaway spending. The vote still requires state approval and would return oversight of all firefighter pensions to a commission led by firefighters, as it was before the 2012 reform. […]
House Ed and Labor Committee subpoenas agency amid probe of $127M paid to Teamsters’ pension fund with deceased participants
The House Education and Labor Committee on Tuesday subpoenaed federal agency heads for obstructing an investigation into $127 million in payments to the Teamsters pension system, which included deceased participants. House Education and Labor Committee Chairwoman Virginia Foxx (R-North Carolina) criticized Gordon Hartgensis, director of the Pension Benefit Guaranty Corporation. subpoena “Two requests for information […]