Paterson Open to Changing NY Pension Oversight

Gov. David Paterson says this week's indictments may prompt changes in the management of New York's massive pension fund for public employees.
Right now, the state comptroller is the sole trustee, using teams of experts to invest the $122 billion fund. Paterson says it may be time to adopt what most states and New York City do. They have boards that must agree on any investment decisions.
Two former aides to ex-Comptroller Alan Hevesi are charged with taking kickbacks and other payments to steer billions of dollars in fund investments to favored companies.
Paterson says Friday he'll talk to Comptroller Thomas DiNapoli about the idea.
DiNapoli succeeded Hevesi, who resigned when he pleaded guilty to using state workers as drivers for his wife.

Copyright AP - Associated Press
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