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| Watch This Week's "The State of Ohio" Online |
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This week on "The State of Ohio": State lawmakers consider what they can do in the wake of the horrible and yet miraculous escape story out of Cleveland involving three women held prisoner in a house for a decade. New data shows more than half of all violent crimes are committed by a very small numbers of offenders. Lawmakers are now working to target that tiny group. And more thoughts on legislation that would dramatically change rules on unions in Ohio.
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| Ohio's Actions About Two Pension Funds
Lost. |
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By Jo Ingles - April 8, 2002 |
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Ohio Attorney General Betty Montgomery wants the state to recover losses from
a telecommunications company in California that went bankrupt. Two pension funds
for state employees lost more than $115 million when Global Crossing filed for
bankruptcy in January. The AG's spokesman, Joe Case, says the state wants to be
lead plaintiffs in a national class action lawsuit against the company. |
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Jo Ingles reports (2:18) 
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| Case says Ohio has a pretty good shot of becoming the lead plaintiff in the suit because Ohioans lost so much money as a result of the scam. He says it's important to realize that even though Ohio's pension funds lost more than $115 million, there's nothing for employees to worry about. Case says that loss is just a small portion of the $104 billion total in assets. |
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