Kentucky Gov. Matt Bevin’s pension-relief proposal cleared the Republican-run state House by a slim margin Monday, surviving a crucial showdown as lawmakers continued a special legislative session convened by the GOP governor.
Private equity leaders are pushing back sharply against a new plan from Sen. Elizabeth Warren (D-Mass.) to rewrite the basic rules of the road for firms she likened to “vampires,” the Washington Post reports.
Navab Capital Partners will wind down after its founder Alex Navab’s unexpected death earlier this month. Navab, a former KKR & Co. executive, had been targeting $3 billion for the private equity firm’s debut fund.
Michael Scott, Executive Director of the National Coordinating Committee for Multiemployer Pensions (NCCMP), believes that Congress is actually following their tradition of finding bipartisan solutions when it comes to pensions, and is working hard to come up with a legislative solution.
The state human resources office on Monday recommended that the Public Safety Personnel Retirement System fire its embattled administrator after he admitted to investigators that he repeatedly sexually harassed an employee and didn’t properly respond to allegations he spied on staffers he didn’t like.