The State of Illinois and City of Chicago are both well known to have some level of financial distress. According to a recent news article (http://www.chicagotribune.com/news/local/breaking/ct-teacher-pension-payment-error-met-20160815-story.html), part of this issue could be due to mismanagement of funds in the various pension programs that the city and state sponsor.

The Chicago Teachers Pension Fund, which is one of the largest pension programs in the country, has reportedly been overpaying teachers out of the pension program. In recent years, the managers of the fund have reportedly overpaid retired teachers a total of $2.8 million. The overpayment was related to the misinterpretation by fund managers of laws that were enacted in 2012 that changed the way that the vesting dates of some former teachers were calculated.

In total, the school system and pension program believe that about 250 different retired teachers received benefits that they were not supposed to receive. The teachers that received the excess pension proceeds earn between $50,000 and $217,000 from pension income and the average teacher received about $12,000 in excess over the two year period.

At this point it is not yet determined how or when the pension program will be able to recoup the money that they lost. It is assumed that the teachers that received the pension income will be paying the money back over a certain period of time through either a lump sum payment or by received reduced benefits for several years. The issues that resulted in the overpayment have reportedly been fixed and cleared up by all parties involved and the city is also considering putting forth a more detailed plan of how to recoup overpayments should a situation such as this arise again.

February 28, 2017 · Uncategorized · (No comments)

At first glance Yanni Hufnagel might seem rather unassuming, a lithe, young Jewish man who was raised in Scarsdale and had a youthful penchant for basketball. However, Yanni Hufnagel along is anything but ordinary. In high school a youthfully optimistic Hufnagel learned to shoot, got pretty good at it but ultimately he was not good enough for Varsity and was eventually kicked off the team. He quickly realized that though he might not be able to make it as a pro player himself he knew that his theoretical grasp on the game was second to none. With these thoughts in mind he quickly gained a position as a recruiter and basketball coach at Harvard for The Crimson’s.

 

This opportunity provided quick momentous, not just for Yanni Hufnagel’s career but also for the Crimson’s win record. In the four seasons which Mr. Hufnagel has coached for the Crimsons they won the Ivy League for the first time in their tenure. Additionally, Hufnagel’s recruiting skills have also netted Harvard the 6’3 basketball phenom known as Jeremy Lin which has brought both men into the spotlight of the broader basketball world.

 

As of 2011, Yanni Hufnagel was voted one of the most likely to make it as a top recruiter in the basketball industry by CBS. The basketball coach Josh Pastner of the University of Memphis has also publicly stated that, “Yanni is a better recruiter than I am.” High praise indeed! As one might have assumed from Mr. Hufnagel proclivity for recruiting, he did indeed rise high in his profession and now works for the Nevada Wolf Pack Men’s Basketball Team and still keeps in touch with his old friend, Jeremy Lin who himself is now one of the most famous basketball players in the world.

February 26, 2017 · Doctor Things, Doctors · (No comments)

A disastrous autoimmune ailment in which a person’s own immune system hunt for and assaults the central nervous system, is known as Multiple sclerosis. Up to date medical studies, however, has exposed that using large doses of immunosuppressive therapies that then make use of a transfer of an person’s own stem cells might create a remission of the multiple sclerosis, or MS.

Medical trials have revealed that 69% of participants who experienced high-dose treatments of immunosuppressants, afterwards using their own body’s stem cells, had lived without the illness advancing further along. People who encountered a remission of the illness were not required to take any prescription to carry on treating their multiple sclerosis.

The symptoms of multiple sclerosis differ to a great degree. The symptoms might consist of weakness, chronic pain, and speaking difficulties, in addition to extreme fatigue. This experimental and new treatment expects to restrain the illness by removing the MS related cells, and forcing a reset of the immune system.

Patients in the trial were discovered to have stayed in MS remission five years following the trial’s inception, in effect stabilizing their multiple sclerosis. Some people in the trial also exhibited obvious recovery, for example being able to now move around.

Medical Doctor Shiva Vasishta has broad expertise in neurology and psychiatry, out of New Jersey. Dr. Shiva Vasishta has almost 40 years of know-how in the arena of neurology. He graduated in 1979, from the esteemed Government Medical College and is a member of Eastern Neurodiagnostic.

Dr. Shiva Vasishta practices medicine and is licensed in New Jersey. His workplace accepts a range of insurance policies such as Blue Cross & Blue Shield, Medicare and Aetna. Dr. Shiva Vasishta is board certified in the arena of Neurology. His staff speak English and Spanish.

February 26, 2017 · Law Enforcement, Lawyers · (No comments)

Ricardo Tosto, an eminent jurist and one of the major entrepreneurs of Brazilian law, defines Brazilian law and business litigation better. He has more than 25 years of experience in Brazilian law, and that helped him to define and understand almost all the complexities associated with the law. Ricardo Tosto is a partner in Leite, Tosto e Barros Advogados Associados, a São Paulo-based litigation and business consulting firm with more than 400 employees that includes lawyers and assistants.

Brazilian judiciary hierarchy is quite similar to how many of the countries have. The Superior Court of Justice is the highest court with state courts, and federal courts are considered to be ordinary courts. It has specialized courts like electoral courts to handle the disputes related to electoral matter and labor courts to take care of various disputes between employees and firms. Additionally, it has Military courts to ensure justice in Brazilian Armed Forces.

When it comes to business litigation, normally a case is filed by or against a business. There are many types of business disputes generally reported. However, when it comes to businesses, they normally file Breach of Contract, Interference with Business Relationships, Patent or Trademark Infringement, and Unfair Trade Practices. When it comes to the business, it can also be of four types, namely Wrongful Discharge, Bad Faith, False Advertising, and Personal Injury.

As a jurist specialized in business litigation, Ricardo Tosto is regularly consulted by politicians of various ideological shades, for governments, Brazilian and multinational groups, and Non-Governmental Organizations. His leads the lawyers in his firm and helps them in complex case scenarios. Apart from that, Ricardo Tosto trains and engages the new attorneys in making the transition easier. Ricardo Tosto collaborates with other jurists to initiate discussions to shape the business and corporate laws that are needed to address various complex situations of current times including business related cyber laws.

https://www.facebook.com/people/Ricardo-Tosto/100010033200857 for more.