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These assets are overseen by the New York State Comptroller's office and are held on behalf of more than one million members of the New York State and Local Retirement Systems (NYSLRS). As of March 31, 2018, its one-year return was 11.35%, however its 10-year return was 6.4%. In 2017, the fund was able to cover about 95% of the benefits it paid ...
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
Bath Iron Works ( BIW) is a major United States shipyard located on the Kennebec River in Bath, Maine, founded in 1884 as Bath Iron Works, Limited. Since 1995, Bath Iron Works has been a subsidiary of General Dynamics, one of the world's largest defense companies. BIW has built private, commercial, and military vessels, most of which have been ...
New York state wants companies to protect their LGBTQ+ Gen Z and millennial workers—and it’s throwing a $260 billion retirement fund at the issue Amanda Gerut April 3, 2024 at 5:54 PM
Website. Official website. The New York state comptroller is an elected constitutional officer of the U.S. state of New York and head of the New York state government 's Department of Audit and Control. [ 2] Sixty-one individuals have held the office of State Comptroller since statehood. The incumbent is Thomas DiNapoli, a Democrat .
The largest union at Navy shipbuilder Bath Iron Works in Maine overwhelmingly approved a new three-year contract, the union said Sunday, averting another strike like the one three years ago that ...
Thomas DiNapoli. Thomas Peter DiNapoli (born February 10, 1954) [ 1][ 2] is an American politician serving as the 54th and current New York State Comptroller since 2007. [ 3] A member of the Democratic Party, he was appointed by a bipartisan majority of the New York State Legislature to the position of comptroller on February 7, 2007. [ 4][ 3 ...
hide. The United States Shipbuilding Company was a short-lived trust made up of seven shipbuilding companies, a property owner and steel company. Its stocks and bonds were unattractive to investors, and several of its member shipyards were overvalued, conditions which brought down the company less than a year after it was formed in 1902.