Any scheme which uses pensions as a guarantee must ensure that it does not inadvertently make the saver worse off when they retire.
Using pension money would simultaneously achieve another of Mr. Jackson's goals: encouraging pensions to focus on socially responsible investments.
"Using pension fund capital to try and prop up stock prices runs the very real risk of turning a stock market bubble into a pensions crisis," he said.
Fredrick Kamusiime, trade advisor, Commonwealth Secretariat, Rwanda Public-private partnerships, using pension funds, hedge funding, and effective tax policies will all help raise money.
Judges in Colorado and Minnesota have dismissed court challenges by retired public workers whose pensions had been cut — developments that may embolden other states and cities to use pension reductions as a tool to help balance their budgets.
The former police chief and city manager, Donald Warshaw, was accused of converting charity checks to personal use and using pension and charity charge cards to pay for vacations and other personal expenses.
Finally, insiders say SEIU hopes to enlist unions in other countries to mount protests and possibly use pension funds to pressure fast-food chains with global operations, which is they it's focusing on corporations with extensive overseas operations.
Mr. Rohatyn ultimately persuaded city labor leaders -- Victor Gotbaum, Barry Feinstein and Albert Shanker -- to accept a municipal wage freeze and layoffs and to use pension funds to buy more than $2 billion in municipal bonds.
At a three-day conference in New York that began on Wednesday, Mr. Jackson discussed a proposal for increasing the availability of capital by using pension money to make loans in low-income communities.
DealBook » Jackson Proposes Creation of a New Lender | At a three-day conference, the Rev. Jesse Jackson discussed a proposal to use pension money to make loans in low-income communities.
