NYC pension examiner pleads guilty to stealing $624K from retirees
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 nearly three-year span, using his position to…
Canadian pension fund OTPP to buy 30% stake in India’s Mahindra renewables assets
MUMBAI (Reuters) – Canadian pension fund Ontario Teachers’ Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian automaker Mahindra’s renewable power assets, an exchange…
French retirement spending threatens deficit targets -pension panel
PARIS (Reuters) – France’s public spending on pensions as currently planned threatens President Emmanuel Macron’s deficit-reduction targets, an independent retirement system panel said in a report to be released later this week.…
Liberal Pension Leaders Petition Credit Card Companies To Track Firearm Purchases
Liberal Pension Leaders Petition Credit Card Companies To Track Firearm Purchases John Hugh DeMastri on August 30, 2022 Pension officials in New York City and California have petitioned Visa, Mastercard and American Express to…
Canadian pension fund CDPQ explores legal options over failed crypto firm
By Niket Nishant and Divya Rajagopal (Reuters) -Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) is exploring legal options over bankrupt crypto lending firm Celsius and will no…
‘Too big for Australia’, says pension fund eyeing global expansion
SYDNEY (Reuters) – Australia’s biggest pension fund has outgrown the country and wants to quadruple in size to be a global investment powerhouse worth A$1 trillion ($700 billion) within a decade, its…
‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State Pension Funds
‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State Pension Funds ‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State…
Baton Rouge Man Sentenced to 41 Months Imprisonment for Embezzling Funds from the New Orleans Firefighters Pension and Relief Fund
NEW ORLEANS, LA – On July 12, 2022, United States District Court Judge Greg Guidry sentenced WAYNE TRICHE, 72, of Baton Rouge, Louisiana, to forty-one (41) months imprisonment, announced U.S. Attorney Duane…
Newark, Ohio woman sentenced for stealing Social Security and pension funds
COLUMBUS, Ohio – Cindy S. Hardway stole more than $250,000 over 15 years by continuing to claim her father’s pension and Social Security benefits after he passed away. The 62-year-old Newark woman…
Taiwan’s largest pension fund hiring managers for $3 billion bond mandate
HONG KONG – Taiwan’s largest pension fund is seeking to hire global asset managers to run a bond portfolio totalling $3 billion. The Bureau of Labour Funds, administering $5.8 trillion ($190 billion)…
Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others
By Selena Li HONG KONG – The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan’s largest pension manager to run Asia’s first…
Toyota heads into AGM under pressure from pension funds over climate
By David Dolan TOKYO – Toyota Motor Corp heads into its annual general meeting on Wednesday under fire from New York City and Danish pension funds over its commitment to battery vehicles…
Former Tennessee Securities Broker-Dealer Sentenced To 78 Months’ Imprisonment For Embezzling $5.7 Million From Employee Pension Benefit Plan
WILLIAMSPORT – The United States Attorney’s Office for the Middle District of Pennsylvania announced that a former securities broker based in Memphis, Tennessee, John Sherman Jumper, age 56, of Eads, Tennessee, was…
U.S. pension fund sues Credit Suisse board over losses in Archegos collapse
By Jody Godoy (Reuters) – A Rhode Island pension fund has sued Credit Suisse Group AG former Chairman Urs Rohner and 19 other directors and executives, alleging their failure to manage risk…
China nudges mutual funds to offer pension products, stabilise markets
SHANGHAI – China’s securities regulator nudged mutual funds to develop fund products for private pensions and asked them to stabilise markets, as Chinese equities witness a downturn that has pushed benchmarks to…
Colombia presidential candidates agree need for pension reform
By Nelson Bocanegra CARTAGENA – Candidates most likely to win Colombia’s presidential elections on Friday agreed for the need to reform the country’s unbalanced pension system so that it provides greater coverage…
Florida pension leader praises Musk’s Twitter bid, criticizes poison pill
By Ross Kerber (Reuters) – A Florida official praised Elon Musk’s offer to buy Twitter Inc and said pension officials will tell the company its efforts to fend off the bid could…
Woman Pleads Guilty for Collecting Dead Mother’s Pension
MIDDLETOWN, NY – A Middletown woman has pleaded guilty in court to collecting her dead mother’s pension. According to Orange County District Attorney David M. Hoovler and New York State Comptroller Thomas…
Chile’s Boric proposes restricted pension withdrawals, citing inflation
SANTIAGO -A new pension withdrawal in Chile was voted down by a congressional committee Tuesday night after President Gabriel Boric submitted a competing proposal hours earlier that cleared a vote in a…
California pension leader pushes for more women on boards, climate data
By Ross Kerber (Reuters) – One of California’s big pension funds said on Wednesday it will push companies to add more women to their boards and to disclose more about their carbon…
Analysis-Colombia presidential candidate Petro’s oil, pension proposals give investors pause
By Nelson Bocanegra BOGOTA – Leftist Colombia presidential candidate Gustavo Petro’s promises to halt new oil projects and redistribute pension funds could put the country’s economic stability at risk, investors say, though…
New York state pension fund to divest Russia holdings
By Jonathan Stempel NEW YORK – New York’s public pension fund, one of the largest pension funds in the United States, will divest its holdings in Russian companies following Russia’s invasion of…
Chile plans to reform controversial pension program next year
SANTIAGO – The Chilean government will send a long-awaited bill to reform the country’s controversial private pension system to congress next year, Finance Minister Mario Marcel said on Tuesday. Reforming the current…
NY pension chief says McDonald’s, PepsiCo should consider Russia risk
By Hilary Russ NEW YORK – The chief of New York state’s pension fund said on Thursday that McDonald’s Corp, PepsiCo and other companies with a large footprint in Russia “need to…
Exclusive-Connecticut treasurer orders pension funds to divest Russian assets
By Ross Kerber Connecticut Treasurer Shawn Wooden on Tuesday will direct state pension funds to sell Russian assets, one of the most direct steps by a U.S. pension official to date in…
Chicago Woman Who Cashed Her Deceased Grandmother’s Pension Checks Convicted on Federal Fraud and Tax Charges
CHICAGO — A federal jury has convicted a Chicago woman on fraud and tax offenses for cashing her deceased grandmother’s pension checks and preparing false tax returns. EUNICE SALLEY, also known as…
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