OK, maybe not personally, but financially.
Maybe they shouldn't be watching the market today...
Pension Beneficiaries Revolt, Call on IL & PA Fund Trustees to Stop Gambling with Retirement Assets
Activists Challenge Pension Plan Trustees During their Monthly Meeting
to Carry Out Fiduciary Duty by Holding Outside Fund Managers Accountable
for Mistakes
WASHINGTON, Sept. 26 /PRNewswire-USNewswire/ -- Pension fund
beneficiaries called on the Illinois Municipal Retirement Fund (IMRF) and
Pennsylvania Public School Employees' Retirement System (PSERS) boards of
trustees to take their fiduciary responsibilities more seriously and
protect retirement assets from bad investments inside their monthly
meetings today. Specifically, they are concerned about IMRF and PSERS
involvement with a Lazard-affiliated private equity fund that has lost
millions of pension dollars.
Tuesday, September 30, 2008
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