Downgrade would place the state’s credit rating below investment grade.
Lawsuit cites 2015 Audit Report that said the payments disregarded the laws governing pension plans.
If the two rumored candidates are confirmed, the board will see its first Republican majority since the Bush administration.
Sotomayor comments suggest decision goes against spirit of ERISA exemption.
Pension fund claims bill violates the Texas state constitution.
“Pay-to-play” scheme lavished NYSCRF pension fund director with entertainment, travel, and meals.
Fund faulted for using assumptions that contradicted its own information.
Conservative Party manifesto calls for changing the triple lock to a double lock.
Bill would repeal benefits reduction option provided by Multiemployer Pension Reform Act of 2014.
City would have to fund retroactive pensions for more than 3,000 workers if overturned.
Since bonds are rarely traded, pricing is difficult to verify, making it “ripe for abuse.”
Regulator alleges administrators engaged in “monopolistic practices.”
Investment bank to create fair fund to pay back clients.
Inquiry relates to private equity investments, expenses, securities lending, and distributions of benefits.
Key issues include reforming minimum investment amounts, stricter oversight and reclassification of targeted employment areas (TEAs), and visa-processing inefficiencies.