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Pension Fund Abuse

Law360 (January 23, 2008, 12:00 AM EST) -- Virtually every blue-collar government worker has retirement funds invested in a pension fund; however, probably 99% of those employees have no idea as to what a pension fund is or how those funds are invested.

This article discusses the nature of pension funds, how they are set up and how the consultants and investment managers are selected. In this context, this article will also discuss the existence of pension fund abuses, including substantial conflicts of interest that exist with the consultants hired to manage these funds...
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