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pension fund

May 12, 2014

Pension fund estimate reaches $176 billion

NEW YORK (AP) — New York’s pension fund for state and local government workers has reached a record high of $176.2 billion, with a 13 percent return on investment last year, riding a bull market for stocks, Comptroller Thomas DiNapoli said Monday. The Common Retirement Fund also paid a record $9.7 billion to beneficiaries in […]

Apr 27, 2011

Cuomo proposes pension fund restrictions

Gov. Andrew M. Cuomo is directing the Insurance Department to issue permanent regulations banning placement agents, lobbyists and — for the first time — elected officials from any pension fund business.

Apr 15, 2011

Ex-comptroller Hevesi gets 1-4 years in prison

NEW YORK CITY — Former New York state comptroller Alan Hevesi was sentenced to one to four years in prison Friday for his leading role in an influence-peddling scandal at the state's massive pension fund.

Feb 18, 2011

Adviser gets prison in NY pension fund scheme

NEW YORK CITY — A former top political consultant to New York’s disgraced ex-comptroller was led off to prison Thursday after a judge sentenced him to at least a year and four months behind bars for his pivotal role in an influence-peddling scandal ...

Nov 4, 2010

Figure in pension fund scandal to plead guilty

NEW YORK CITY — Officials say a longtime adviser to New York's disgraced former state comptroller has agreed to plead guilty in an influence peddling scandal. Political consultant Hank Morris was charged last year ...

Oct 14, 2010

Report: Steven Rattner close to deal with SEC

NEW YORK CITY — The Securities and Exchange Commission could vote to settle a securities case with former Obama administration car czar Steven Rattner, according to published reports on Thursday.

Aug 26, 2010

DiNapoli, Wilson face off on pension fund

The New York state comptroller is the steward of nearly all taxpayer money, but the race for the seat historically has not generated too much public interest — until this year. Current Comptroller Thomas DiNapoli and candidate Harry Wilson ...

Aug 19, 2010

DiNapoli defends state pension plan

New York Comptroller Thomas DiNapoli defended the New York state pension system on Wednesday, detailing the state’s 26 percent of return on investments in the pension fund for the past fiscal year.

May 7, 2010

NY pension fund settles with Countrywide

ALBANY — New York pension fund officials said Friday they’ve reached a proposed $600 million settlement of securities fraud allegations against mortgage lender Countrywide Financial Corp.

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