New York delays payment to state workers' retirement fund; benefits unaffected, says officialOctober 23rd, 2009 NY delays state workers' retirement fund paymentALBANY, N.Y. — New York officials are forgoing an 8 percent discount on their nearly $1 billion payment to the pension fund for state workers, opting instead to pay later.
Calif AG sues State Street Bank alleging it overcharged state retirement funds by $200MOctober 20th, 2009 Calif sues bank, alleges more than $200M in fraudSAN FRANCISCO — California Attorney General Jerry Brown is suing State Street Bank and Trust Co., claiming it bilked the state's largest pension funds of more than $200 million. The suit announced Tuesday alleges that Boston-based State Street has overcharged the California Public Employees Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) with fees for handling foreign currency trades.
Pinnacle Capital West elects Denis Cortese to boardSeptember 23rd, 2009 Cortese named to Pinnacle West Capital's boardPHOENIX — Pinnacle West Capital Corp. said Wednesday that its board has elected Denis Cortese, president and CEO of the Mayo Clinic, as a director.
Tripura hikes salaries of ministers, legislatorsSeptember 3rd, 2009 AGARTALA - A bill was passed in the Tripura assembly Thursday increasing the salary of ministers and legislators by 35 percent. The salaries and allowances of the chief minister, ministers, opposition leaders and legislators and pension of the former members of the legislative assembly will be increased by 35 percent.
US Airways pilots union says pension agency ignoring claims of misconduct in retirement planSeptember 2nd, 2009 US Airways pilots union sues pension agencyWASHINGTON — The pilots union for US Airways filed suit Wednesday against the federal government's pension agency, claiming it is not doing enough to investigate charges that the airline's pension plan was mismanaged. The U.S. Airline Pilots Association wants the Pension Benefit Guaranty Corp.
Some NY lawmakers retire, stay on the job and collect pensions along with salariesAugust 19th, 2009 Some NY lawmakers collect pension pay and salariesALBANY, N.Y. — Four veteran New York legislators who have reached retirement age are collecting state pension payments at the same time they continue to get their regular paychecks.
Report: Some NY legislators retire, stay on job and collect pensions along with salariesAugust 19th, 2009 Some NY legislators collect pension pay, salariesALBANY, N.Y. — Four veteran New York lawmakers who have reached retirement age are collecting state pension payments at the same time they continue to get their regular paychecks.
Phoenix police say baby, toddler have been kidnapped by armed gunman who forcibly entered homeAugust 18th, 2009 Phoenix cops: Baby, toddler kidnapped at gunpointPHOENIX — Police in Phoenix say armed gunman burst into a home early Tuesday and kidnapped a 2-year-old boy and 11-month-old girl. Police Sgt. Andy Hill says a witness heard the four men yelling outside the west Phoenix home that they were the police.
Moody's considers rating downgrade for loan program offered through Calif. pension fundsJuly 18th, 2009 Moody's may downgrade Calif. pension funds' ratingSACRAMENTO, Calif.
Unite union calls strike vote on Barclays' move to close final salary pension planJuly 17th, 2009 Union sets strike vote on Barclays pension closureLONDON — Britain's Unite union said Friday it will ask members to vote next month on whether to strike against Barclays Bank because of the proposed closure of a final salary pension plan. The union, which represents 25,000 employees of the bank, said walkouts would be staged in September if members approve the strike call.
Ohio teacher sues after being fired over accusations he displayed Bible and preached in classJune 10th, 2009 Teacher accused of displaying Bible sues districtCOLUMBUS, Ohio — An Ohio school teacher fired over accusations that he preached Christianity in class says in a $1 million lawsuit that his free speech and civil rights were violated. John Freshwater, an eighth-grade teacher in Mount Vernon, northeast of Columbus, also says he was harassed because of his religion, was defamed and suffered a hostile work environment.
NY comptroller sues Aldus Equity over Dallas firm's role in pay-to-play scandalMay 6th, 2009 NY comptroller sues firm in pay-to-play scandalNEW YORK — New York state's comptroller is suing a company accused of paying illegal kickbacks in exchange for a big investment from the state pension fund. Comptroller Thomas DiNapoli filed the suit Wednesday in Albany as part of his effort to sever all ties with the Dallas firm, Aldus Equity Partners.
Pay-hike bonanza for Tripura government employeesFebruary 22nd, 2009 AGARTALA - The Tripura government Saturday announced 30-35 percent hike in salaries of its 138,300 employees, with retrospective effect from last month. 'After the sixth central pay commission, Tripura is the first among the eight northeastern states that announced new salaries and allowances for its employees, making 30 to 35 percent salary hike with effect from January,' state Finance Minister Badal Chowdhury told reporters after a cabinet meeting.
Higher salaries suggested for Tripura government employeesJanuary 15th, 2009 AGARTALA - Tripura government employees are expected to get a 30 to 33 percent salary hike with effect from January, officials said here. The pay review committee constituted by the Tripura government in August last year to revise the salaries and allowances of the 136,300 government employees and 42,400 pensioners recommended a salary hike.
President Patil signs her three-fold salary hike billJanuary 2nd, 2009 NEW DELHI - President Pratibha Devisingh Patil has given her assent to the law enabling a three-fold hike in her salary from Rs.50,000 to Rs.150,000 per month. While signing her own salary hike bill on Dec 30, Patil also assented to another law providing for Vice President Mohammad Hamid Ansari's pay to be raised from Rs.40,000 to Rs.125,000 per month.