Bill Spadea Invokes Chris Christie, Calls for Pension Reform, Cuts for Public Unions
TRENTON, NJ – Shortly after invoking former New Jersey Governor Chris Christie as the model for public housing reform, Bill Spadea told New Jersey he … Read more
TRENTON, NJ – Shortly after invoking former New Jersey Governor Chris Christie as the model for public housing reform, Bill Spadea told New Jersey he … Read more
BROOKLYN, NY — A former New York City retirement system employee pleaded guilty on Wednesday to stealing more than $624,000 from two retirees over a … Read more
MIDDLETOWN, N.J. — There will be no public flogging or release of confidential documents for a school teacher in Middletown who was arrested for having … Read more
TRENTON, N.J. — The goal of the New Jersey Lottery was to fund education in the Garden State. Slowly, lawmakers have been diverting those education … Read more
MINEOLA, N.Y. — A Daytona Beach man has been charged with grand larceny and identity theft for allegedly withdrawing and spending nearly $80,000 in pension … Read more
Brooklyn, NY – New York City Employee Indicted for $624,000 Pension Theft
A Brooklyn man has been arraigned on charges of stealing approximately $624,000 from two retired New York City employees’ pensions. The charges include corrupting the government, grand larceny, identity theft, and offering a false instrument for filing.
Brooklyn District Attorney Eric Gonzalez and New York City Department of Investigation Commissioner Jocelyn E. Strauber announced the indictment of Gregory Mathieu, 40, of Canarsie, Brooklyn. Mathieu worked as an Associate Retirement Benefits Examiner at the New York City Employees’ Retirement System (NYCERS). He allegedly exploited his position to divert pension checks to himself from February 8, 2021, to January 2, 2024.
Mathieu is accused of reactivating suspended pension payments of a deceased retired Department of Sanitation supervisor and stealing retroactive and monthly payments totaling approximately $242,000. Additionally, he allegedly stole $199,000 from a 75-year-old retired Associated Railroad Signal Specialist by diverting funds from an account suspended due to uncashed checks.
Mathieu is suspended with pay and was released without bail after his arraignment before Brooklyn Supreme Court Justice Danny Chun. He
SUFFOLK COUNTY, N.Y. — Moses K. Johnson, 63, of Huntington, has pleaded guilty to Grand Larceny in the Fourth Degree for illegally collecting more than … Read more
TRENTON, NJ — New legislation has been introduced in New Jersey aiming to mandate the forfeiture of pension benefits by public officials convicted of crimes … Read more
Louisianans’ pension funds have frequently been used to advance climate-related proposals within publicly traded companies, according to a report from conservative watchdog group American Accountability … Read more
By Lewis Jackson SYDNEY (Reuters) – Australia’s prudential regulator said on Wednesday it will review how sections of the A$2.5 trillion ($1.7 trillion) pension fund … Read more
EXCLUSIVE: Swing State’s Pension Funds Used By Wall Street Titans To Push ‘Racial Equity’, Climate Agenda, Report Finds Jason Cohen on January 25, 2024 Asset … Read more
By Yantoultra Ngui and Rozanna Latiff SINGAPORE/KUALA LUMPUR (Reuters) -Malaysia is expected to name Ahmad Zulqarnain Onn, group CEO of the country’s largest asset manager … Read more
By Farah Master HONG KONG (Reuters) – China’s ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining … Read more
By Mark Miller (Reuters) – IBM may have just kicked off the next big trend in the world of employee retirement benefits. Big Blue made … Read more
COPENHAGEN (Reuters) – PensionDanmark, one of Denmark’s largest pension funds, said on Wednesday it had decided to sell its holdings in Tesla over the U.S. … Read more
By Mike Dolan LONDON (Reuters) – Even allowing for China’s messy cyclical ebb and flow and global political tensions of the day, the exit of … Read more
LONDON (Reuters) – Global public pension fund assets dropped slightly to $25.9 trillion in 2023 from $26 trillion a year earlier, as inflation dented returns … Read more
HONG KONG (Reuters) – Residents leaving Hong Kong for good withdrew a total of HK$2.213 billion ($283.72 million) from their Mandatory Provident Fund (MPF) pension … Read more
By Luiza Ilie BUCHAREST (Reuters) – Romania has yet to present credible measures to offset the budget impact of planned pension hikes in the 2024 … Read more
By Huw Jones and Carolyn Cohn LONDON (Reuters) – Britain’s plans for nudging billions of pounds of pension cash into new UK companies to boost … Read more
(Reuters) – Pension fund AustralianSuper has increased its stake in Origin Energy to 16.50%, the Australian power producer said in an exchange filing on Tuesday. … Read more
SHANGHAI (Reuters) – The basic pension fund managed by China’s social security fund gained 5.1 billion yuan, or 0.33% in 2022, down from a 4.9% … Read more
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – The next 18 months is an ideal time for unlisted asset deals, said the head of … Read more
SYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, said on Tuesday it would buy a minority stake in a major European data centre business for … Read more
By Roushni Nair (Reuters) – The Australian securities regulator said on Friday it initiated a lawsuit against the trustee of AustralianSuper, citing the country’s largest … Read more
By Lewis Jackson SYDNEY (Reuters) – Australian pension funds need to improve how they value private equity, the sector’s regulator said on Monday after a … Read more
By Julie Zhu and Kane Wu HONG KONG (Reuters) – CPP Investments, Canada’s biggest pension fund, has laid off at least five investment professionals at … Read more
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s second-largest pension fund plans to open its first overseas office by mid-2024, its chief investment … Read more
By Isla Binnie and Andres Gonzalez NEW YORK (Reuters) – Two of Canada’s biggest pension funds are exploring options including a sale of Cubico Sustainable … Read more
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s third largest pension fund will stay active in Japanese markets in the coming months and … Read more
By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, has appointed senior executives to its London office as part of the rapidly growing … Read more
By Yoruk Bahceli AMSTERDAM (Reuters) – An overhaul of the private pensions system in the Netherlands – the biggest in the European Union – is … Read more
America’s Biggest Public Pension Has No Plans To Pull Investments From China As Others Flee Will Kessler on June 9, 2023 The California Public Employees’ … Read more
By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund will pause use of the domestic unit of auditor PricewaterhouseCoopers (PwC) as the “big four” … Read more
By Bart Meijer AMSTERDAM (Reuters) – The Netherlands is set for a major overhaul of its 1.45 trillion euro ($1.6 trillion) private pension industry, Europe’s … Read more
By Laura Matthews NEW YORK (Reuters) – Expectations for lower returns in stocks and bonds are sending some pension funds into currency markets to diversify … Read more
By Leigh Thomas PARIS (Reuters) – France’s unions may have failed to derail President Emmanuel Macron’s push to raise the retirement age, but they are … Read more
Randi Weingarten Poised To Rake In Thousands From Taxpayers In Union Pension Deal, Analysis Finds Reagan Reese on May 16, 2023 The president of the … Read more
NEW YORK CITY, NY – According to a report by Bloomberg, public employees have sued three New York City pension funds for allegedly breaching their … Read more
TOMS RIVER, NJ – Toms River Mayor Maurice “Mo” Hill’s failed pension legal battle was the matter of discussion Wednesday night at town hall at … Read more
TOMS RIVER, NJ – Toms River Mayor Maurice “Mo” Hill is under fire after waging a three-year legal battle to claim retirement benefits was clearly … Read more
TOMS RIVER, NJ – Toms River Mayor Maurice Hill has sent out a political mailer to voters days after he was denied a public pension … Read more
TOMS RIVER, NJ – Toms River Mayor Maurice “Mo” Hill lost a costly township-funded legal battle that was an attempt to award the mayor a … Read more
TOMS RIVER, NJ – When Chris Christie and Jon Corzine were governors of New Jersey, they passed a series of political and pension reform bills … Read more
By Michel Rose and Elizabeth Pineau PARIS (Reuters) – Hours before France’s top judges breathed new life into his widely denounced plans to make people … Read more
By Ross Kerber BOSTON (Reuters) – New York City pension leaders will press external fund managers, including private market fund managers, on Wednesday for details … Read more
By Elizabeth Pineau PARIS (Reuters) -President Emmanuel Macron’s drive to ram through legislation raising France’s retirement age despite mass protests is creating rifts between ministers … Read more
By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, … Read more
STEPHEN MOORE: Honey, Biden Just Shrunk Our Pension Stephen Moore on March 28, 2023 President Joe Biden recently issued his first veto since taking office … Read more
By Ingrid Melander PARIS (Reuters) – France faces a new nationwide day of strikes and protests on Tuesday after some of the country’s worst street … Read more