The state's unions said they will fight Mr. Scott's pension-fund proposal, and some left-leaning organizations argued that Mr. Scott's proposals could dig the state deeper into a hole. ❋ Arian Campo-Flores (2011)
The government mandated the transfer of mandatory pension-fund assets into the state pension system late last year, quasi-nationalizing the third pillar of the pension system as part of its much-debated "unorthodox" set of measures to deal with slower economic growth and other effects of the global crisis. ❋ Margit Feher (2011)
When the three pension funds invested with Fletcher in 2008, the firm offered them a minimum 12% return and a maximum of 18%, backed by the holdings of other investors, according to pension-fund documents. ❋ Josh Barbanel (2011)
The sale gives the pension-fund managers more room to invest their clients' money in private-equity funds other than AlpInvest, PGGM Chief Executive Martin van Rijn said. ❋ Robin Van Daalen (2011)
The debt is expected to allow the state to make a required pension-fund contribution ❋ Michael Corkery (2011)
Rainy-day funds are depleted, pension-fund contributions are already at record lows, and almost all of the major federal government subsidy programs will run out in June 2011. ❋ Meredith Whitney (2010)
At that time, the law required that the pension-fund money could only be invested in fixed-income securities like bonds and mortgages. ❋ Sean Gardiner (2011)
That sounds like good advice for the pension-fund directors seeking an escape from their current predicaments. ❋ George Melloan (2012)
Pleaded guilty in New York in 2009 to steering pension-fund investments to managers who would pay kickbacks, and said he carried out a similar scheme in New Mexico. ❋ Stephanie Simon (2011)
His firm's funds before the sale to Invesco managed to generate returns more than twice or three times investors' money, according to data from public pension-fund clients. ❋ Sabrina Willmer (2011)
In October, the SEC accused four former San Diego officials of failing to disclose the size of pension-fund shortfalls when the city sold bonds. ❋ The Huffington Post (2011)
For more than a decade, governors and lawmakers of both parties have consistently chosen to skip pension-fund payments, in whole or in part, to fund other budget priorities, until the annual payments ballooned. ❋ Lisa Fleisher (2011)
And Linda Lacewell, who did much of the digging in the office's probe of the pension-fund pay-to-play scandal, may be tapped to oversee Mr. Cuomo's planned shake-up of ethics oversight, according to a person familiar with the transition effort. ❋ Jacob Gershman (2010)
Carlyle and AlpInvest have entered into a joint venture that separates the investor from its Dutch pension-fund owners, APG and PGGM, the parties said Wedn esday. ❋ Robin Van Daalen (2011)
When he was attorney general, she commanded some of his most high-profile and politically sensitive probes, including the pension-fund corruption scandal that sent a former Democratic state Comptroller Alan Hevesi to prison. ❋ Jacob Gershman (2012)
Unveiling a broad tax-system proposal Sunday, the government also said it will raise the mandatory pension-fund contribution to 12% of workers 'salaries, from 9% now. ❋ Unknown (2010)
In the near term, pension-fund managers may close the gap not by buying riskier, higher-yielding assets, but by buying assets that better match their liabilities. ❋ Richard Barley (2012)
Hungary's government said it plans to lower its public debt, the highest in central and eastern Europe, to between 65%-70% of gross domestic product by the end of 2014 through fiscal restructuring and the transfer of private pension-fund assets to the state. ❋ Unknown (2011)
Public pension-fund systems are under pressure to reduce the annual-performance assumptions they use to determine contributions from taxpayers and employees, amid turmoil in Europe, the sluggish economy and low interest rates. ❋ Unknown (2011)
Yet Australians continue to pump their pension money into local shares, investing three times as much pension-fund cash in Aussie stocks as in local fixed-income investments. ❋ Geoffrey Rogow (2011)
Wealthy CEO: Oh boy I’m sure looking to [retire] at age 50 and leave my company to my son/daughter so they may do the same exact thing.
Average Employed Person: Damn it’s going to suck ass working until I’m 70 only to retire and have the National [Pension] Fund recipient age raised to [71] ❋ Unquestionably Burdensome (2023)
