Georgia's Teachers Retirement System and Employees’ Retirement System pensions sit out shareholder lawsuits
by The Atlanta Journal-Constitution
Feb 11, 2013 | 1556 views | 0 0 comments | 5 5 recommendations | email to a friend | print
In 2007-2009, you might expect that Georgia’s two largest public pension plans would have filed at least one of the hundreds of shareholder lawsuits attempting to recover losses from corporate wrongdoers.

You’d be wrong.

Georgia’s Teachers Retirement System and Employees’ Retirement System, with roughly $68 billion in assets, haven’t filed or taken the lead on any shareholder class-action lawsuits — on any issue — preferring instead to take a back seat to often much smaller public pensions from other states.

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