District of Columbia Retirement Board

09/23/2024 | Press release | Distributed by Public on 09/23/2024 14:48

DCRB Statement in Response to Lawsuit Recently Filed in DC Federal Court

The District of Columbia Retirement Board ("DCRB") is aware of a lawsuit recently filed in the U.S. District Court for the District of Columbia by a former employee, Ms. Erie Sampson. Although it is DCRB practice not to discuss pending legal matters, DCRB believes it is in the best interests of the agency, its participants, and beneficiaries to address the false allegations made repeatedly by this former employee since she was terminated for cause in 2022.

Ms. Sampson's current lawsuit merely repackages a prior lawsuit she filed in D.C. Superior Court, which that court dismissed on the grounds that she did not state a plausible claim. Simply put, the allegations in the new Complaint are false. DCRB terminated Ms. Sampson because she breached her duties as general counsel and chief ethics officer, and DCRB lost trust and confidence in her ability to serve the best interests of the agency, its participants, and beneficiaries.

DCRB is committed to its mission of serving the interests of the District's police officers, firefighters, teachers, and their survivors and beneficiaries by prudently investing Fund assets and delivering accurate and timely benefit payments with excellent member service. Our results demonstrate that we are accomplishing that mission. As of September 10, 2024, DCRB's aggregate actuarial funded status was 102.3 percent and assets under management totaled about $11.9 billion.

DCRB will not comment further on this issue but will continue to defend itself in court against these false allegations.

MEDIA CONTACT
Lauren Smith
Director of Communications and Public Relations
District of Columbia Retirement Board
[email protected]
202-343-3281