Michigan Policy Network - AIG and Pension Lawsuit

Written by Erica Weiss

Wednesday, 25 March 2009 23:05

A lawsuit has been filed and the State of Michigan is the lead plaintiff in a class action against AIG. Over 600,000 public employees including police, public school employees and other state employees are included in the State of Michigan Retirement System that lost considerable amounts of money by investing the pension funds with AIG. The suit is accusing AIG of being misleading illegally with advising of investments. It is unknown what the actual loss was to the State of Michigan Retirement System.

http://www.freep.com/apps/pbcs.dll/article?AID=200990320104

Set as favorite

Bookmark

Email This

Trackback(0)

TrackBack URI for this entry

Comments (0) Add Comment

Subscribe to this comment's feed

Write comment

Network Menu

Poll

Should legislative term limits in Michigan be extended?

	Eliminated - we should abolish term limits
	Extended - if elected, legislators should be able to serve more terms
	Left Alone - 2 terms for the senate and 3 terms for the house
	They already serve too long - 1 term in each chamber is long enough

About Us

The Michigan Policy Network is a student-led public education and research program to report and organize news and information about the political process surrounding Michigan state policy issues. It is run out of the Department of Political Science at Michigan State University, with participation by students from the College of Social Science, the College of Communication, and James Madison College.

Meet your Policy Fellow

Kari Boyd is Education Policy Fellow and Correspondent for the Michigan Policy Network. Kari is a 2nd year student in History at Michigan State University.

Network Menu

Who's Online

Poll

About Us

Sponsors

Meet your Policy Fellow