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Va. pension managers get bonuses despite declining performance

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The managers of Virginia's pension fund got bonuses in 2010 and 2011 even though they failed to meet the benchmarks that would justify such payouts, a new report shows. Investors for the Virginia Retirement System used to get bonuses based on the pension fund's performance. No one received a bonus in fiscal year 2009, and afterward the fund's trustees changed the system so that they -- and not...

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