CalPERS Sues Former Employee for Allegedly Stealing Pension Money
More than $685,000 was stolen from 10 retirees, including a homeless person and beneficiaries under legal conservatorships, the fund said in its lawsuit.
The California Public Employees’ Retirement System (CalPERS) is suing a former employee who allegedly stole about $685,000 from 10 retiree accounts, the fund said.
Among the victims targeted by the accused former employee was a homeless person, as well as three beneficiaries who are under legal conservatorships, according to a complaint filed last week with the Superior Court of the State of California in Sacramento County.
Members under conservatorships have legal guardians appointed to oversee their financial assets either because of old age or disability.