retirement system

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Latest blogosphere posts tagged “retirement system”

  • Candidates Sought to Fill O.C. Retirement Board Vacancy


    Orange JuiceAuthority Authority: 573
    FOR IMMEDIATE RELEASEContact: Howard Sutter, 714.834.6203 officeNovember 10, 2009Candidates Sought to Fill Retirement Board Vacancy(Santa Ana, CA) — Board of Supervisors Chair Patricia C. Bates is seeking candidates to fill a vacancy on the Board of Retirement of the Orange County Employees Retirement System ...
    1 day ago
  • Pension Checks of Retired New York City Teachers Canceled


    NYT > TheaterAuthority Authority: 913
    City and union officials attributed the mistake to the Bank of New York Mellon, which said it would return the money and cover any resulting overdraft fees.
    5 days ago
  • Tapped Out, Tapping In


    Financial ArmageddonAuthority Authority: 651
    In a story last month, "The Incredible Shrinking 401(k)," The Motley Fool noted that the retirement backstop many Americans are counting on to ease them through their golden years had not weathered the storm of the past two years very well: A recent joint report from the Employee Benefit Research Institute and ...
    1 week ago
  • Pension fund needs more from teachers’ paychecks, schools


    Political FixAuthority Authority: 628
    JEFFERSON CITY — Missouri will require teachers to pay more toward their pensions next year. Teachers in the Public School Retirement System of Missouri will put 14 percent of their paychecks into the pension fund to help offset the system’s stock…
    2 weeks ago
  • Calif. investor ends role with top pension fund


    Business Finance & Economy - business.marc8.comAuthority Authority: 163
    San Francisco businessmen Victor MacFarlane is ending his longtime role as a real estate adviser to the California Public Employees Retirement System.
    2 weeks ago
  • Capmark To File For Bankruptcy, More FDIC Headaches


    zero hedgeAuthority Authority: 763
    Its game over for Capmark, which is expected to file for bankruptcy within 24 hours. The firm which was formerly GMACs commercial real estate business (Or GMAC Commercial Holding Ccapital Markets Corp in short), and had originated over $10 billion in CRE loans (by the way, did we say that CRE REITs are undervalued? if ...
    2 weeks ago
  • Gold’s New Ally


    StupidicaAuthority Authority: 162
    If you’ve invested in gold, you’re about to gain a powerful ally: pension funds. “I think the largest institutions like our own are realizing that we barely own any [gold]” Shayne McGuire, head of the Teacher Retirement System of Texas said in an interview in Hong Kong very early this morning. “The same ...
    2 weeks ago
  • Calpers Cutting Ties With More Managers, Still Refusing To Lay Blame On Itself


    zero hedgeAuthority Authority: 763
    Following last nights surprising disclosure that Calpers is reviewing its relationship with PE giant Apollo , which over the years has been among the biggest beneficiaries of Calpers generosity, the California pension system today is really taking the scythe to its money managers. And while Calpers (and, of course, ...
    2 weeks ago
  • Frontrunning: October 24


    zero hedgeAuthority Authority: 763
    Rampant buying of Kindles did not help UKs GDP, which posted a "surprising" drop of -0.4% in Q3 ( Bloomberg ) Allan Meltzer: Banks are holding prices down because they can buy Treasurys with free money from the Fed ( WSJ ) UK GDP reaction: sterling tumbles, Gilts rally, but FTSE fine ( FT Alphaville ) New Jersey ...
    2 weeks ago
  • How much risk should pensioners accept?


    Global InvestingAuthority Authority: 128
    Calpers, the California Public Employees Retirement System, manages about as much money the gross domestic product of Israel – around $200 billion at the latest count. The long term financial security of 1.6 million people, from firefighters to janitors and judges, depends on Calpers getting it right. America’s ...
    2 weeks ago
  • The Kentucky Retirement Systems "Pension Millionaires"


    The Political BridgeAuthority Authority: 145
    The average pension for retired KY state workers(through the Kentucky Retirement System--KRS) is approximately $30,000 a year. There is an elite ggroup of people with political influence, that are “Pension Millionaires.”   Their pensions generate over $100,000 a year.  ULs Jim Ramsey is a member of this club ...
    3 weeks ago
  • State Street faces suit over CalPERS fees


    DailyFinanceAuthority Authority: 793
    Filed under: Company News California Attorney General Jerry Brown is suing State Street Bank and Trust ( SST ), seeking $200 million in damages for allegedly defrauding the states giant pension funds. "Over a period of eight years, State Street bankers committed unconscionable fraud by misappropriating millions of ...
    3 weeks ago
  • State Street Sued For "Unconscionable Fraud" Against Calpers And Calstrs


    zero hedgeAuthority Authority: 763
    From the Office of the California Attorney General : Brown Sues State Street Bank for Massive Fraud Against CalPERS and CalSTRS SACRAMENTO - Seeking to recover more than $200 million in illegalovercharges and penalties, Attorney General Edmund G. Brown Jr. todayannounced that he has filed suit against State ...
    3 weeks ago
  • Trip’s morning reading: Investment scandals hit California


    New Mexico IndependentAuthority Authority: 597
    An investment scandal that’s been plaguing New Mexico heated up last week when the state’s former investment adviser pleaded guilty to securities fraud in New York, admitting that he recommended deals that were not in the best interest of the state because they were pushed by politically connected individuals ...
    4 weeks ago
  • California Pension Fund Starts Placement Fee Inquiry


    NYT > TheaterAuthority Authority: 913
    The pension fund said that the inquiry focuses on payments of more than $50 million that outside managers made over a five-year period.
    4 weeks ago
  • Cronyism and the Corridor


    BurkablogAuthority Authority: 517
    This is a scary story. The Statesman reported yesterday that Governor Perry is removing Linus Wright, a former Dallas school superintendent, as chair of the board that oversees the $88 billion Teacher Retirement System and will replace him with a current board member who is also a member of Perry’s campaign finance ...
    4 weeks ago
  • BREAKING...DEEDS REVERSES COURSE ON RAIDING STATE EMPLOYEE PENSION PAYMENTS...UNDERCUTS HIS CENTRAL ARGUMENT TO BECOME GOVERNOR


    The Contemporary ConservativeAuthority Authority: 143
    Posted by MAXIMUS What a difference four hours makes in Creigh Deeds world!! Earlier today on this very blog, your beloved MAXIMUS posted a story that nailed Democrat Creigh Deeds as being in support of Governor Timothy Kaines jackbooted policy position to slash the amount of money that the Commonwealth pays into ...
    8 weeks ago
  • BREAKING...Creigh Deeds and Governor Kaine throw State Employees under the bus


    The Contemporary ConservativeAuthority Authority: 143
    Posted by MAXIMUS Hes at it again. This time, Creigh Deeds is targeting the retirement benefits of teachers, police officers, deputy sheriffs, fire fighters, state troopers and basically anybody else who depends upon the Virginia Retirement System for a pension. How so? Deeds is refusing to distance himself ...
    8 weeks ago

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