More Information About Retirement Plans Offered To D.C. Employees | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

More Information About Retirement Plans Offered To D.C. Employees

Play associated audio

The D.C. government is providing more information to workers about how the administrative expenses of their retirement plans are paid for.

A letter detailing the expenses was sent last week to workers who participate in the District's deferred-compensation plan. It follows an article by The Associated Press that detailed how the government is taking money out of the plan for expenses without telling participants. Some of that money is going to the accounting firm founded by Jeffrey Thompson, who's at the center of a federal corruption probe.

The District's Office of the Chief Financial Officer says it has met all legal requirements for disclosure, but the letter says the office is working to improve transparency and will now post annual reports about the retirement plan on its website.

NPR

As Summer Winds Down, Wistful Dreams Of A 'Lost Estate'

The scent of fresh pencils is in the air, and homework assignments are around the corner. In honor of back-to-school season, author Alexander Aciman recommends The Lost Estate by Henri Alain-Fournier.
NPR

A Food Crisis Follows Africa's Ebola Crisis

Food shortages are emerging in the wake of West Africa's Ebola epidemic. Market shelves are bare and fields are neglected because traders can't move and social gatherings are discouraged.
WAMU 88.5

McDonnell Corruption Trial: Former Gov Defends Relationship With Jonnie Williams

On the stand today, the former Virginia governor defended his relationship with the businessman at the heart of the trial, saying it was appropriate.
NPR

Coming Soon To A Pole Near You: A Bike That Locks Itself

Cyclists may soon have a convenient way to discourage bike thieves, thanks to new designs that use parts of the bikes themselves as locks.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.