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Pa. AG takes computer records

Pension agency head abruptly retired

HARRISBURG — The Pennsylvania attorney general’s office collected computer records Wednesday from the state’s large government employee pension agency after its chief investment officer abruptly retired amid unspecified allegations.

Two state lawmakers who sit on the State Employees’ Retirement Board said they were briefed in a closed-door session earlier in the day regarding developments that involve investment manager Anthony S. Clark.

“They asked for computer information,” said Sen. Vincent Hughes, D-Philadelphia. “It was told to us at the board meeting today that we’ve given them everything they’ve asked for, immediately.”

Clark went on paid leave last month and then announced his retirement after allegations were made against him, the retirement system has said. He has not been charged with any crime and phone calls to a home listing for him in Virginia have not been answered.

The agency’s board also voted Wednesday to hire outside legal help in the matter, and to begin the search for Clark’s replacement.

Spokespeople with the retirement system and the prosecutor’s office declined to comment about the records.

Rep. Robert Godshall, R-Montgomery, said the board was briefed about the attorney general’s action by its executive director, David Durbin.

Clark, he said, “has done a good job when he’s been there, an extremely good job. If there was wrongdoing I guess that will show up in the investigation.”

Both men said they did not know the precise nature of the allegations.

“I’m not sure 100 percent, and I don’t want to say anything or speak out of school, but it seemed to be probably inappropriate use of his office,” Hughes said.

He emphasized the matter did not pose a risk to the $26 billion fund’s financial stability.

“There’s no threat to the fund, there’s no issues or problems with the solvency of the fund,” Hughes said.

The board voted 7-4 against a proposal by state Treasurer Rob McCord to suspend investment decisions while it examines the facts surrounding Clark’s departure.

McCord said in a letter last week to chairman Nick Maiale that lawyers for Gov. Tom Corbett have mishandled the investigation into complaints against Clark and said Wednesday he also has general concerns about the system’s governance.

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