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PA treasurer questions handling of pension probe

Written by The Associated Press | Dec 10, 2013 5:39 PM
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(Harrisburg) -- Pennsylvania's treasurer says lawyers for Governor Corbett have mishandled an investigation into possible misconduct by the chief investment officer of the $26 billion state government employees' pension fund.

The December 4th letter from Treasurer Rob McCord to the chairman of the State Employees' Retirement Board has been obtained by The Associated Press.

It addresses the unspecified allegations concerning the investment manager, Anthony S. ``Tony'' Clark.  Clark went on paid leave two weeks ago after chairman Nick Maiale learned of the claims against him.

He subsequently announced his retirement.

McCord's letter says the decision by Corbett's lawyers to hire outside counsel to investigate without telling the SERS board seems more like damage control than an attempt to uncover misconduct.

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