Word: pensioned
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Dates: during 1980-1989
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...breed of money managers shake up once staid pension funds...
...Their decisions can shake markets and send the prices of individual stocks into orbits or nosedives. For their skill and nerve, they receive salaries that sometimes run well into seven figures. LeBaron belongs to an elite corps of independent investment managers entrusted with an ever enlarging share of the pension funds for American workers...
...large part of the remaining money will go to two funds that Healy said he hopes will guarantee the city's financial future, $1.05 million was used to create a reserve to help Cambridge meet its pension commitments...
...city would also send $1 million to a new reserve created to help Cambridge meet pension commitments. According to a 1979 actuarial study, the city has a pension liability of $92,778,369, which is financed by a pay-as-you-go structure established by the state...
...Government's case, moreover, includes an allegation that an unnamed trustee of the Teamsters' Central States Pension fund helped a Mafia front man, Allen Click, then only 32, get $62.75 million in loans from the fund in 1974. The trustee advised Glick to see Frank Balistrieri, the Mafia's top man in Milwaukee. The indictment claims that Balistrieri and Joe Aiuppa, the Chicago boss, wielded their influence with other unnamed directors of the Teamsters fund to get the mon ey. Glick used the loans to buy four casinos, including the Star dust and the Fremont...