Employees Sue City Over Mismanagement of Pension Funds

Posted on Mar 04, 2012
Former and present city employees have sued the city of San Jose claiming that administrators of two city employee retirement funds breached their fiduciary duties and mismanaged the funds.  The suit claims that the administrators skewed an actuarial report for the funds to serve "extraneous political objectives."  

Source:  San Jose Mercury-News 

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