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New York Senator Explains Why He Chooses to “Double-Dip”

Pension360 yesterday covered the quirk in New York law that allows lawmakers to file for retirement, collect a pension, but stay in office and continue collecting their normal salary, as well. Nine lawmakers filed for “retirement” this year. But on Tuesday, one of those lawmakers explained what his motivations were for taking advantage of the legal ...
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New York Lawmakers “Retire”, Collect Pensions, But Don’t Leave Office

A quirk in New York state law allows certain lawmakers to “retire” without actually leaving office – letting them collect their pensions while still on the job and earning their normal salary. From the New York Post: A wacky loophole in state pension law allows legislators who are at least age 65 and elected before 1995 to retire for pension ...
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New York Comptroller Candidates Spar Over Private Equity Pension Investments

In the race for New York State Comptroller, incumbent Thomas DiNapoli is guarding a comfortable 20-point lead in the polls. But his challenger, political unknown Bob Antonacci, isn’t holstering his guns quite yet. Both candidates over the weekend sparred about the place of private equity in New York’s pension portfolio. Under DiNapoli, New York’s ...
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New York Comptroller Candidates Square Off on Pensions

The New York State Comptroller serves as the sole trustee of New York’s $176.8 billion retirement system. So it’s not surprising that pensions were among the first issues broached during Wednesday night’s televised debate between the two candidates for Comptroller, incumbent Thomas DiNapoli (D) and newcomer Robert Antonacci (R). Antonacci voiced ...
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New York’s Sole Pension Trustee Faces New Competition In Election

Two-term New York Comptroller Thomas DiNapoli is the sole trustee of New York’s largest pension funds, but he’s now facing competition from an unlikely source: a local auditor named Robert Antonacci who claims he is more qualified than DiNapoli. From The Associated Press: Democratic New York Comptroller Thomas DiNapoli, chief financial officer ...
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NYU President Speaks About $800,000 Pension

New York University President John Sexton has been a polarizing figure the last few years, not only for the large exit bonuses he approved for outgoing staff but also for his own $800,000 pension. He addressed his pension at a dinner and question-and-answer session last week with NYU students. On his pension, from NYU Local: “After taxes, that’ll ...
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New York Common Fund’s Hedge Fund Target Is “Under Review”

New York’s Common Retirement Fund says it is “reviewing” its hedge fund investments, including the allocation targets for such investments as set in its investment policy. The Common Fund makes investments for the New York State and Local Retirement System (NYSLRS) as well as other systems. Pension360 previously covered the fund’s investment ...
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New York Retirement System Is Prepared To Increase Its Allocation to Hedge Funds, Alternatives

CalPERS is running away from hedge funds, but, as Pension360 has covered in the past, most pension funds aren’t following. In fact, some are running in the opposite direction. Case in point: the New York State and Local Retirement System (NYSLRS). The fund hasn’t made any decisions yet, but it is open to the possibility of expanding its allocation ...
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Delving Deeper Into New York Fund’s Partnership With Goldman Sachs

New York State Comptroller Thomas P. DiNapoli announced yesterday that New York’s Common Retirement Fund (CRF) plans to give $2 billion to Goldman Sachs for investing in global stocks. The partnership is the first of its kind of the CRF. Aaron Elstein, who runs the In The Markets blog, weighed in on the partnership in a column on Wednesday: “This ...
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New York Common Fund Gives $2 Billion to Goldman Sachs

The New York State Common Retirement Fund announced today it plans to give $2 billion to Goldman Sachs Asset Management to invest in global equities. Reported by Bloomberg: It’s the first time the $180.7 billion fund has formed such a partnership, Comptroller Thomas DiNapoli, the pension’s sole trustee, said today in a statement. In addition to ...
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