Tag Archives: SEC
Employee Benefits Library: Other Government Agencies
Forbes: Rhode Island State Pension Admits History Of Kickbacks And SEC Inquiry
(Posted on April 30, 2013 by Carol V. Calhoun)
An article in Forbes magazine alleges that the Employees’ Retirement System of Rhode Island paid kickbacks to placement agents. As most are aware, the Employee Retirement Income Security Act of 1974 (ERISA) does not apply to governmental plans. So, what kinds of protections are available in the case of kickbacks from public retirement systems? Read more