Bloomberg, Liu Propose Massive Overhaul of City Pension System

Mayor Mike Bloomberg and City Comptroller John Liu laid out a proposal for a massive overhaul of the city’s $120 billion pension system at City  Hall this afternoon.

The plan would consolidate oversight of the city’s five pension boards under one authority  supported by an independent, full-time staff led by a Chief Investment Officer, who would be appointed to a fixed term. Read More

Bloomberg, Liu Propose Massive Overhaul of City Pension System