CalPERS will send a letter to officials of CACI International Inc., seeking a meeting with CalPERS officials "to answer questions regarding the company's involvement as a military contractor in the alleged torture and abuse of Iraqi prisoners at Abu Ghraib prison in Iraq," according to a announcement by Phil Angelides, state treasurer and trustee of the $162 billion system. California Public Employees' Retirement System, Sacramento, will ask for written answers from CACI officials to questions about "what CACI's executives and its board knew and when they knew it, concerning the alleged abuse in Iraq," according to Mr. Angelides' announcement.
Mr. Angelides, who is also a trustee of the $114 billion California State Teachers' Retirement System, Sacramento, wants both pension funds to "take all actions necessary to protect the California public's holdings in this firm; assure that those at CACI, even at the highest levels, are held accountable for the company's role in the disturbing events at Abu Ghraib; and seek reforms to keep the company from again being put at risk."
CalSTRS has the issue on its agenda for its July 7 meeting, a spokeswoman said. CalPERS and CalSTRS own a combined 286,982 shares of CACI. A breakdown wasn't immediately available from the funds.