Comptroller Tom DiNapoli cuts NY pension investment in more oil, gas stocks – Newsday
ALBANY — State Comptroller Thomas DiNapoli will cut the state pension fund’s direct investments in eight more oil and gas companies, including ExxonMobil, as part of a plan to fight global warming through Wall Street. DiNapoli argues that investing in oil and gas companies, even blue-chip stocks like ExxonMobil, poses long-term risks for investors. Because […]
A high cost of living and lack of pension strain Alaska teachers. Would bonuses help keep them? – Anchorage Daily News
Students eat breakfast and color in the Topaz Stotts second-grade classroom before the start of school Tuesday, Aug. 17, 2021, at Klatt Elementary School in Anchorage. (Emily Messner/ADN) JUNEAU – Cory Hughes moved to a remote village in Alaska to teach, but even though it was dark in the winter and the bathroom in his […]
Widower bilks $781K in pension payments sent to long-dead teacher wife: probe – New York Post
Metro by mary kay lindge and Susan Edelman issued February 10, 2024, 11:09 a.m. ET A Queens widow pocketed more than $781,000 in pension payments to the wife of a deceased schoolteacher for 18 years before city officials discovered the theft, an investigation has found. This staggering amount of money not recovered by the taxpayer-funded […]
IBM offers employees new retirement account that looks a lot like a pension – Yahoo Finance
On January 1, IBM put the brakes on the 5% salary-to-dollar competition for employees in its 401(k) plans and began offering portable “retirement accounts” to most of its U.S. employees. In other words, the company has eliminated some defined contribution plans and added something like an old-fashioned pension. While traditional defined benefit pension plans remain […]
House probe after $127M paid to dead Teamsters’ pension plan
The Biden administration is seeking a new congressional investigation after the agency that distributed tens of billions of dollars from the American Rescue Plan failed to prevent a $127 million donation to deceased Teamsters pension fund participants. facing. The House Education and Labor Committee sent a letter to the Pension Benefit Guaranty Corporation (PBGC) on […]