California treasurer urges AIG pension action
California Treasurer Phil Angelides has called on the California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) to take all possible actions to recover losses to funds caused by the ongoing problems at American International Group (AIG).
The alleged fraud at giant insurer AIG has resulted in losses to the State’s pension funds of more than $400m since February 14th when it was announced that AIG had received subpoenas from the USOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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