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“#Retired Ukraine police attempt to storm parliament” KYIV, July 14 – Several hundred retired Ukrainian police officers attempted to storm the parliament building on Wednesday demanding an increase in their pensions. The demonstration took place a day after the unexpected resignation of the interior minister, who had run the police force since 2014 and offered…
“#NYS pension fund shot up a record 33 percent during COVID-19 pandemic” The COVID-19 outbreak was a boon to Wall Street and the main pension fund for state government workers and retirees in New York state. The value of the New York State Common Retirement Fund skyrocketed by a record 33.5 percent — from $194.3…
“#Scott Stringer eyes looser pension rules for private equity” New York City Comptroller Scott Stringer is looking to loosen strict rules that govern private-equity firms managing the city’s pensions — a potentially risky policy switch that he claims will improve returns, The Post has learned. Specifically, Stringer — a Democrat running for mayor in this…
“#NYC’s pension funds to divest $4 billion from fossil fuels” New York City’s largest pension funds have voted to divest their portfolios of an estimated $4 billion from securities related to fossil fuel companies, Mayor Bill de Blasio, Comptroller Scott Stringer, and trustees of two of the city’s pension funds said. “The New York City…
“#How to keep NYC from going bankrupt” With the city’s tax base decimated by the pandemic and a high-income-earner exodus, will Mayor Bill de Blasio tighten the fiscal belt? The dire need for it is laid out in a new Manhattan Institute study. In it, New York City government vet Eric Kober looks at the…
“#Stop Bill de Blasio’s rancid bus deal” Members of the city Panel for Educational Policy have a clear duty to vote down City Hall’s rancid deal to buy out the bus company Reliant Transportation at Monday evening’s meeting — and not just because it’s likely to wind up saddling the Department of Education with Reliant’s…
“#NYC school bus deal lets de Blasio donor avoid pension debt: experts” School bus drivers will refuse to work for the city’s new nonprofit bus company unless it guarantees the payment of employee pension liabilities currently totaling $142 million, a union official told The Post. The city bailed out a major donor to Mayor de…
“#State Comptroller Tom DiNapoli just put the state pension fund on the road to ruin” Tom DiNapoli, a Nassau County boy who went to Albany and made good, has been New York’s chief fiscal officer since 2007. It’s a job he has done well and without excessive drama — precisely what one wants in a…
“#Accused MTA overtime cheat may lose hefty pension” An accused MTA overtime cheat has been collecting a massive pension that the feds say was boosted by pay he didn’t actually earn — but that gravy train could soon be thrown into reverse! Thomas Caputo, 56, of Holbrook, LI, raked in $144,000 in pension benefits during…
“#How to start defusing NYC’s pension bomb” Gotham’s public-health crisis risks becoming a financial crisis — including by ravaging the underfunded retirement systems promised to public workers. Four essential steps could avert catastrophe. Even before the crisis, the city had set aside just 2 percent of the savings needed to cover retiree health benefits for…