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FT Magazine
How legal weed is changing New York City’s vibe (and smell)
...In February, I found myself walking in the warm spring sun along the boardwalk of Venice Beach, California, where recreational cannabis use has been legal since 2016, picking my way through a string of makeshift...
August 20, 2022
News in-depthPensions industry
Deferred pension payments spread alarm in $3.9tn muni bond market
...’ Retirement System, the second largest pension fund in the US....
June 16, 2020
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
FTfm
Pension crisis: US seeks to save flawed state benefits system
...According to the Pew Charitable Trusts, the state of Illinois held unfunded pension liabilities of 61.6 per cent in 2017, making it one of the worst-funded retirement systems in the US, alongside Kentucky...
February 1, 2020
Pensions
New York police and firefighters seek pension fund protection
...New York’s police and firefighter pension funds have invested about $127m in a quantitative hedge fund that specialises in providing protection at times of turmoil, underscoring the rising interest in so-called...
September 25, 2017
US & Canadian companies
NY’s public pension systems snap up rival’s hedge fund assets
...New York City’s police and firefighters pension systems have snapped up some of the hedge fund stakes sold by their sister system, New York City Employees’ Retirement System, underlining the divergent views...
December 14, 2016
Fund management
The week’s news in brief: December 19
...New York City’s police and firefighters pension schemes have snapped up some of the hedge fund stakes not wanted by the New York City Employees’ Retirement System....
December 18, 2016
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
Fund management
Majority of big investors disappointed by hedge fund returns
...New York City’s police and firefighters’ pension systems later snapped up some of the stakes sold by Nycers, underlining the divergent views among investors on the hedge fund industry’s prospects....
February 15, 2017
US presidential election
US economic recovery masks tale of many cities
...western reaches of the city....
May 26, 2015
FTfmFund management
One huge pension pot is not a pot of gold
...The NHS, teachers’, civil servants’, firefighters’ and police schemes are “notional funds”: only today’s workers make a contribution into the big pot of national consolidated revenue of the Exchequer, which...
November 30, 2014
UK Budget
UK Budget 2015: The chancellor’s speech
...Talking about people who save lives, and who sometimes sacrifice their own life to do so, we will also correct the historic injustice to spouses of police officers, firefighters, and members of the intelligence...
March 18, 2015
News in-depthThe Big Read
US public finance: Day of reckoning
...But it is better off than the city’s municipal workers, police, labour and firefighters’ pension funds, which Fitch, the credit rating agency, estimates are collectively 33 per cent funded....
December 29, 2013
US politics & policy
Detroit pension funds to object in bankruptcy case
...Bruce Babiarz, a spokesman for the Police and Firefighters Retirement System, said its lawyers have argued that Governor Rick Snyder violated Michigan’s constitution when he authorised the bankruptcy filing...
August 19, 2013
Life & Arts
Adventure on the high seas
...Most were of retirement age, many American, with a sprinkling of younger folk. We moved on to the theatre, to be briefed by German expedition leader Stefan Kredel....
June 14, 2013
Fund management
Hopes for NYC pensions merger fade
...In spite of estimates that the new structure could raise plan returns by 1-2 percentage points, cut costs by billions, and propel New York’s retirement system into the 21st century, it received little support...
July 15, 2012
World
Barack Obama’s State of the Union Address
...the promise of a secure retirement for future generations....
February 13, 2013
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Fund management
New York City moves to energise retirement plans
...the New York City Employees Retirement System (NYCERS)....
December 4, 2011
US politics & policy
Emanuel confronts deficit in Chicago
...Illinois’ state legislature passed reforms last year that will require Chicago to contribute more to police and firefighter pensions....
February 23, 2011
News in-depthUS downturn
Time to make a noise
...It is guardian of the defined pension benefits of 1.6m firefighters, police, prison officers, school workers and judges....
August 20, 2009
Fund management
Public plans scramble to meet obligations
...Among the few people that can still bank on a generous, guaranteed lifetime income in retirement from a defined benefit pension plan are the 8m schoolteachers, police officers, firefighters, judges and other...
April 26, 2009
Climate change
Speech: The State of the Union
...of too many young Americans, from rural communities to inner-cities....
January 28, 2010
Climate change
Hillary Clinton’s speech
...I’ve seen it in our teachers and firefighters, nurses and police officers, small business owners and union workers, the men and women of our military — you always keep going. We are Americans....
August 27, 2008
Life & Arts
All in the mix
...Every Friday after school, the Harrison-Pitts go down to the beach for a game of volleyball and dinner....
March 23, 2007
UK schools
Full text: State of the Union Address
...Police and firefighters, air marshals, researchers, and so many others are working every day to make our homeland safer, and we thank them all. (Applause.)...
February 3, 2005
Life & Arts
Cross country journey
...and firefighters who died....
October 29, 2004

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