Regulation
Jewelry Wholesaler Charged with Defrauding Retired Police, Firefighters
Gregory Altieri, who pleaded guilty to running $200 million Ponzi scheme, faces up to 20 years in prison.
Tag: police
News
Move could boost returns by $2.5 billion over five years.
Illinois Passes Police, Fire Pension Consolidation Bill
Move could boost returns by $2.5 billion over five years.
Regulation
Judge Axes Pension Fund Lawsuit over Healthcare Shift
Pension participants filed suit after program’s pullout from healthcare coverage.
Risk
Chicago Moves to Consolidate More than 650 Pensions
Task force cites lower overhead costs and access to larger pools of capital as benefits to the potential mergers.
Newsmakers
Rhode Island Supreme Court Upholds Cranston Pension Cuts
High court reluctantly rejects challenge to 10-year suspension of COLAs.
Regulation
Some Police in Connecticut May Revert to DB Plan
Departures due to discontent over a town’s DC plan are mirrored elsewhere.
Regulation
New Illinois Bill Would Consolidate more than 650 Police and Fire Pensions
Debates ensue over projected returns, transition costs, and throwing the fund’s impeccable funded ratio off-balance.