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.
Real journalism.Trusted by millions.
Unlimited access to in-depth reporting, expert analysis, and the stories that shape our country.
Subscribe Now
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.