“The $247.7 billion New York State Common Retirement Fund has committed approximately $400 million to two funds as part of its Sustainable Investments and Climate Solutions (SICS) Program. The commitments are part of New York State Comptroller Thomas DiNapoli’s climate action plan to lower investment risks from climate change and help shift the pension … [Read more…]
“Pastors have filed at least three federal lawsuits in recent weeks against the African Methodist Episcopal Church along with several subsidiaries and financial firms the church used, alleging tens of millions of dollars from a pension fund were mismanaged and missing. The retired and current pastors in Florida, Maryland and Virginia filed the lawsuits … [Read more…]
“Comptroller Thomas DiNapoli stripped state pension credits Tuesday from five more lawyers working for upstate school districts. The action came as part of a review of hundreds of attorneys who may have improperly earned the taxpayer-funded benefits. Paul Callahan, who worked for the Duanesburg school district for 25 years until he retired in March, … [Read more…]