D.C. used money from retirement plans without telling workers

Published



The District government used hundreds of thousands of dollars from city workers’ retirement funds to pay administrative costs for the plans without informing employees, prompting quick demands for transparency from key lawmakers.

Last year, the District received $212,000 from plan manager ING to help cover administrative costs for the plan, which serves about 13,000 city employees, but never told investors of the payout. The Associated Press first reported the arrangement.

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