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SEC starts pension fund group to prosecute for "pay to play"
- Duane Morris LLP
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- USA
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- October 19 2009
On October 15, 2009, at the American Bar Association's Fourth Annual National Institute on Securities Fraud, David Rosenfeld, associate regional director for the Northeast Regional Office of the U.S. Securities and Exchange Commission (SEC), revealed that the SEC has established a nationwide Pension Fund Working Group to civilly and criminally prosecute pension fund managers, advisors, administrators and "the like" where "pay to play" contributions occur
Public employees share more risk under change to pension reform legislation
- Duane Morris LLP
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- USA
- -
- October 15 2010
State employees would be exposed to an increased market risk under Senate amendments made to a House plan to reduce pension costs
Deferred compensation for tax-exempt and governmental executives
- Duane Morris LLP
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- USA
- -
- September 29 2010
One of the most significant challenges in attracting talented executives in the tax-exempt and governmental entity (TEGE) sectors is designing a compensation structure that accomplishes three goals: rewards acknowledged "superstars" in the field; incentivizes performance commensurate with the long-term goals of the entity; and sufficiently protects the entity against employees' being lured away by other employers
Oroho welcomes pension reform
- Duane Morris LLP
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- USA
- -
- June 13 2011
Senator Steve Oroho (R-24) issued the following statement regarding the Senate voting session in which legislation (S-1875) he sponsored to prevent elected officials from simultaneously collecting a public pension and salary for the same elected position was held from a vote
Governor, state officials sued by public employee unions
- Duane Morris LLP
- -
- USA
- -
- September 9 2011
Jaime L. Brockway of IFAwebnews.com reports that more than 20 New Jersey public employee unions and individuals sued Gov. Chris Christie and other state officials to fight a law they say illegally reduces pensions and health benefits
Governor vetoes pension borrowing legislation
- Duane Morris LLP
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- USA
- -
- July 20 2011
Governor Andrew M. Cuomo recently vetoed a bill that would have allowed school districts to issue new borrowing to cover short-term expenditures, passing the bill to future taxpayers at a much higher cost
The pension disclosure battleground
- Duane Morris LLP
- -
- USA
- -
- January 31 2012
Public fund boards are increasingly under media pressure to disclose the identity and pension benefits of retirees. Historically, disclosure requests were confined to elected officials or other government employees with public profiles (e.g. university presidents, Division I-A football and basketball coaches
Current Search
- Jurisdiction - USA
- Workarea - Employee Benefits & Pensions
- Workarea - Public
- Firm Name - Duane Morris LLP