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New York Gov. Seeks to Retroactively Strip Pensions From Public Officials Convicted of Felonies

The arrest of New York Assembly Speaker Sheldon Silver last month left a bitter taste in the mouths of many in the New York legislature. The arrest came at an ironic time, just as Gov. Andrew Cuomo was rolling out a series of ethics proposals aimed at lawmakers. Now, Cuomo has added another bullet point to his ethics reform wish list: retroactively ...
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New York City Council Weighs Disability Pension Boost For Police

A New York City councilwoman is sponsoring a resolution that would ask the state to increase the disability pensions of certain city police officers. The resolution has the support of two-thirds of the City Council, but doesn’t yet have the support of the mayor’s office or the Council speaker. From Capital New York: Under the current law, uniformed ...
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Video: New York Gov. Draws Flak For Teacher Pension Comment

New York Gov. Andrew Cuomo has upset some teachers and their unions after a comment last week about schools being more concerned about keeping pensions intact than improving schools. The comment in question: “We’ve sent thousands of children to schools we knew were failing from an educational point of view. Albany has been too concerned ...
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Cuomo Rejects Bill To Increase Alternative Investments By Pensions

New York Governor Andrew Cuomo on Thursday vetoed a bill that aimed to raise the percentage of assets New York City and state pension funds could allocate towards hedge funds and private equity. From Bloomberg: Governor Andrew Cuomo vetoed a bill that would have allowed New York state, city and teachers pension funds to allocate a larger percentage ...
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New York City Council Members Urge State Lawmakers to Overturn Governor’s Veto of Veteran Pension Bill

Last month, New York Governor Andrew Cuomo vetoed a bill that would have granted certain war veterans a “jump-start” toward drawing a state pension. Some members of New York’s City Council are calling on state lawmakers to overturn that veto. From the Queens Chronicle: Members of the City Council’s Veterans Committee are urging state lawmakers ...
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Implications for Pension Investments As Elections Put Ex-Financial Firm Executives in Office

The results of several state-level elections could have implications for pension fund investments as three ex-financial firm executives became their states’ respective governors. David Sirota writes: Wall Street firms and executives have poured campaign contributions into states that have embraced the strategy, eager for expanded opportunities. Tuesday’s ...
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