Good for Spitzer for putting an end to this betrayal of teachers by their union.

Insurance giant ING Group has agreed to refund $30 million to educators who were steered by their union into retirement funds that carried high fees and little-disclosed payments to union coffers.

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ING to Give Teachers Refunds

Union members steered into high-fee annuities will get $30 million in a New York agreement.

By Kathy M. Kristof, Times Staff Writer
October 11, 2006

http://www.latimes.com/business/la-fi-teach11oct11,1,4994438.story?ctrack=1&cset=true

Insurance giant ING Group has agreed to refund $30 million to educators who were steered by their union into retirement funds that carried high fees and little-disclosed payments to union coffers.