City Council told pension funds scrutinizing 'pay to play' rules.Byline: Daily News City Council members were assured Wednesday that officials overseeing Los Angeles' three employee pension funds, valued at more than $25 billion, are taking steps to avoid the pay-to-play Pay-to-play Attempts by municipal bond underwriting businesses to gain influence with political officials who decide which underwriters are awarded the municipality's business. allegations arising in other states. Sean Harrigan and Elliott Broidy resigned earlier this month from the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Fire and Police Pension Fund board after the Security and Exchange Commission inquired about their dealings. Michael Perez, the fund's general manager, said a new policy is being developed to ensure there is no improper
Officials with the Los Angeles City Employees Retirement System and Department of Water and Power funds said they are reviewing their disclosure requirements to ensure there are no potential conflicts of interest. New York, Texas New York is a hamlet in Henderson County, Texas, USA, about 11 miles east of Athens. Geography New York lies at the intersection of FM 804 and FM 607 in a stereotypically flat portion of East Texas, surrounded mostly by farm land. and New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). funds have been scrutinized by authorities. |
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