Federal prosecutors have been investigating D.C.`s pension board, responsible for $10 billion retirement fund
(Washington Post D.C.)

The retirement board is responsible for maintaining the multibillion-dollar trust fund used to disburse pensions to more than 25,000 retirees who have worked for the District`s public schools and its police and fire departments. An August subpoena sought documentation of a variety of financial transactions, including records of payments to those who handle the pension fund`s investments.