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The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
The New York City Board of Education Retirement System (BERS) was founded on August 31, 1921. The benefits that BERS provides include service retirement benefits, disability retirement benefits, death benefits, and a Tax-Deferred Annuity (TDA) program.
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....
The DFS settlement comes amid increased discussion in New York over how to handle crypto regulation. As Fortune reported in December, DFS approved a program called Gemini Earn for a separate ...
Learn about all the AOL plans designed to keep you and your data protected. We offer mobile and data security, premium technical support, and protection from identity theft, viruses, malware and other online threats.
As an English colony, New York's social services were based on the Elizabethan Poor Law of 1598-1601, in which the poor who could not work were cared for in a poorhouse. Those who could were employed in a workhouse. The first Poorhouse in New York was created in the 1740s, and was a combined Poorhouse, Workhouse, and House of Corrections.