Sponsored
The California Public Employees’ Retirement System is suing a former employee who is accused of stealing more than $685,000 from the dormant pension accounts of 10 retirees, court filings show.
The victims include a homeless retiree, CalPERS said in a court filing, as well as several who are under conservatorship, meaning a judge has appointed someone to oversee their financials due to mental or physical disability.
The $460 billion pension fund filed the suit in the California Superior Court in Sacramento on Friday, the court documents show. It is suing Gloria Najera, a 25-year veteran of CalPERS and former associate governmental program analyst, “to recover the stolen funds,” CalPERS said in the complaint.