7/30/2013 – State Regulator Steps Up Checks on Public Pension Funds (Wall Street Journal)

New York’s top financial regulator is ramping up scrutiny of state and city pension funds by using what he says is his office’s little-known authority to examine public retirement systems in the state.

The office of New York Superintendent of Financial Services Benjamin Lawsky on Monday informed officials at the New York City Employees’ Retirement System that he is conducting an examination of the city pension plans, including their asset allocation and actuarial methods. A spokeswoman for the pension system declined to comment.

Read the full article at the Wall Street Journal.