Thu 2 Sep 2010
State Pension Fund Faces Shortfall, Candidate Says
Filed under: Accounting and Accountants, Wilson, Harry J., Pensions and Retirement Plans, DiNapoli, Thomas P, Elections, Finances, New York State — @ 4:20 am

Harry J. Wilson, a Republican running for state comptroller, argues that rosy numbers released annually by Albany are an illusion.


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Fri 20 Aug 2010
News Analysis: Deep Crisis for New Jersey’s Pension Funds
Filed under: Pensions and Retirement Plans, Frauds and Swindling, Budgets and Budgeting, New Jersey — @ 5:10 am

Experts say that Republican and Democratic lawmakers contributed to the problem by refusing for years to put state money into pension funds as they should have.


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Thu 19 Aug 2010
New Jersey Settles S.E.C. Case Over Pensions
Filed under: Securities and Exchange Commission, Pensions and Retirement Plans, Frauds and Swindling, New Jersey — @ 2:49 am

Federal regulators accused New Jersey of securities fraud for claiming it was funding public workers’ pensions when it was not.


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Wed 18 Aug 2010
New Jersey Settles Fraud Charges Over Municipal Bonds
Filed under: Securities and Exchange Commission, Pensions and Retirement Plans, Frauds and Swindling, New Jersey — @ 8:50 pm

The state had been accused of failing to inform bond investors that it was underfunding its largest pension plans.


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Fri 30 Jul 2010
Judge Drops 13 Charges in Case Against Consultant
Filed under: Bribery and Kickbacks, Stone, Lewis Bart Jr., Loglisci, David J, Money Laundering, Harding, Raymond B, Pensions and Retirement Plans, Morris, Hank, Hevesi, Alan G, Frauds and Swindling — @ 5:59 am

Hank Morris, who had advised a former state comptroller, still faces many counts related to what prosecutors said was a scheme to defraud the state pension fund.


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Fri 23 Jul 2010
New York State Sues Bank of America and Merrill Over Merger
Filed under: Merrill Lynch & Co, Bank of America Corp|BAC|NYSE, Pensions and Retirement Plans, Mergers, Acquisitions and Divestitures, New York State, Suits and Litigation — @ 4:00 am

The state is trying to recoup pension fund losses that occurred when the bank took over Merrill Lynch at the beginning of the financial crisis.


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Thu 8 Jul 2010
Cuomo Finds Pattern of Workers Inflating Pensions
Filed under: Attorneys General, Labor and Jobs, civil service employee association, Pensions and Retirement Plans, Government Employees, Retirement, Cuomo, Andrew M, New York State — @ 4:17 am

The New York attorney general released a preliminary report based on overtime and pensions for workers in 50 government agencies.


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Mon 28 Jun 2010
Payback Time: Labor’s New Critic: Allies in Elected Office
Filed under: States (US), Pensions and Retirement Plans, Labor and Jobs, Sweeney, Stephen M, Villaraigosa, Antonio, Government Employees, Wages and Salaries, New York State, Paterson, David A, Politics and Government, Organized Labor, New Jersey — @ 6:30 am

Republicans have often railed against public employees’ pay and benefits, but now friends of labor are joining in.


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Sat 12 Jun 2010
State Wants to Borrow From Pension Fund, to Pay the Fund
Filed under: DiNapoli, Thomas P, Pensions and Retirement Plans, Budgets and Budgeting, Politics and Government, Paterson, David A, New York State — @ 3:14 am

Critics denounced the plan to borrow nearly $6 billion from a pension fund to make payments to the same fund as a shell game and an effort to avoid making difficult decisions.


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Thu 3 Jun 2010
8,000 M.T.A. Employees Made $100,000 Last Year
Filed under: Fringe Benefits, Metro-North Commuter Railroad, Paid Time Off, Walder, Jay H, Williams, Helena E, Long Island Rail Road Co, Railroads, Wages and Salaries, Retirement, Metropolitan Transportation Authority, Transit Systems, Pensions and Retirement Plans, New York State — @ 2:37 am

The list includes dozens of lower-level employees, including conductors, police officers and engineers, thanks to overtime, sick days and retirement benefits.


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