US - The San Diego City Employees' Pension System (SDCERS) has been hit by revelations it paid $8m in excess benefits to 102 members between 2001 and 2007, including high ranking city employees.
San Diego city attorney Michael Aguirre said, while SDCERS was trying to rectify the violations to tax law, details of the overpayments were not provided to auditors, the US Securities and Exchange...
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