Welcome to the APBWeb.
Results 1 to 6 of 6
  1. #1
    countybear's Avatar
    countybear is offline BDRT - Baby Daddy Removal Team
    Verified LEO
    Super Moderator
    Join Date
    01-18-07
    Location
    Louisiana
    Posts
    6,512
    Rep Power
    4611628

    Louisiana Cops Retirement System Probed

    Gee, after buying failing golf courses as 'ahem' investments, how in the world could you think there's something wrong???


    AP


    October 12, 2009, 5:06PM

    Attorney General Buddy Caldwell's office and the state inspector general are investigating a Louisiana police pension fund.

    Attorney General Buddy Caldwell Caldwell's office on Monday confirmed the joint investigation of the Municipal Police Employees' Retirement System, but wouldn't provide any further details.

    "The investigation is in the early stages, and that is all we can say at this point," Caldwell spokeswoman Jennifer Roche said in an e-mail.

    The retirement system, called MPERS, had been criticized in recent years for investing in golf courses that never turned a profit. The system owns two northwest Louisiana golf courses and had invested in a Texas luxury golf resort developed for pro golfer Hal Sutton.

    MPERS Director Kathy Bourque refused to comment Monday on the investigation.

    More than 10,000 Louisiana law enforcement employees and retirees are part of the retirement system. Municipalities around the state pay a percentage of their payrolls to the pension fund.
    So, 'no comment' on the investigation. Perhaps after the purchases (not to mention a HUGE and ornately landscaped building for just a few employees), perhaps the pension fund is as short as her answer?

    "The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
    - Alexis de Tocqueville, Democracy in America

    Tell me not, Sweet, I am unkind,
    That from the nunnery
    Of thy chaste breast and quiet mind
    To war and arms I fly.
    - Lovelace

    The opinions expressed by this poster are wholly his own, and should never be construed to even remotely be in representation of his employer, its agencies or assigns. In fact, they probably fail to be in alignment with the opinions of any rational human being.

  2. #2
    Cidp24's Avatar
    Cidp24 is offline Tempus Fugit
    Premium Lifetime Member
    Verified LEO
    Join Date
    07-17-06
    Location
    Crossroads of the Sunny South
    Posts
    8,131
    Rep Power
    3999638
    Man, for what good it would do, I would throw a duck talking hissy fit if I thought our system was being mismanaged. I hope, for ya'lls sake it gets straightened out. A lot of people have worked hard for a lot of years, counting on that income.
    *************************
    "It wouldn't take much for me to up and run...
    to another life somewhere in the sun."
    *************************
    "There's something inherently wrong with having to put on a bullet-proof vest and a gun to go to work."-(An old friend)


    Any statements or opinions given in my postings or profile do not reflect the opinions, views, policies, and/or procedures of my employer or anyone else other than me. They are my personal opinions or statements only, thereby releasing my employer , any other entity, or any other person of any liability or involvement in anything posted under the username "Cidp24" on O/R.

  3. #3
    Captain America's Avatar
    Captain America is offline Reed and Malloy were my FTOs
    Supporting Member Lvl 1
    Verified LEO
    Site Moderator
    Join Date
    05-01-08
    Location
    Louisiana
    Posts
    8,633
    Rep Power
    6624709
    I guess I'm working tell I'm 90 now.
    SI VIS PACEM PARA BELLUM

    "It's a great life. You risk your skin catching killers and the juries turn them loose so they can come back and shoot at you again. If your honest , your poor your whole life. And , In the end , you wind up dying all alone on some dirty street. For what? For nothing. For a tin star."
    -Ex-Sheriff Martin Howe to Will Kane in "High Noon"

    Far from being a handicap to command, compassion is the measure of it. For unless one values the lives of his soldiers and is tormented by their ordeals , he is unfit to command.
    -General Omar Bradley, United States Army

    Renniger-Richards-Griswold-Owens

  4. #4
    Morris is offline Chief Wheaties Pisser
    Verified LEO
    Join Date
    10-24-07
    Location
    Just outside Latteland
    Posts
    1,391
    Rep Power
    970813
    I give credit to LEOFF here in Washington state. It's successfully managed and so well managed that the state keeps wanting to raid it to give loans to themselves.

  5. #5
    mavriktu's Avatar
    mavriktu is offline Patrol Sgt.
    Verified LEO
    Join Date
    05-21-06
    Location
    Louisiana
    Posts
    2,847
    Rep Power
    5559847
    Whew,well at least I am in the Sheriffs retirement system,which knowing La. I am sure is also into shady shit.

  6. #6
    Second Chance's Avatar
    Second Chance is offline Be the last one standing
    Supporting Member Lvl 1
    Join Date
    03-27-08
    Location
    Phoenix, Az.
    Posts
    2,745
    Rep Power
    937236
    Quote Originally Posted by Morris View Post
    I give credit to LEOFF here in Washington state. It's successfully managed and so well managed that the state keeps wanting to raid it to give loans to themselves.
    All I want for Christmas is to move to Washington.................... ..
    Swamp Mafia





    The only thing necessary for the triumph of evil is for good men to do nothing.
    ~Edmond Burke

    Certainly there is no hunting like the hunting of man and those who have hunted armed men long enough and like it, never really care for anything else.
    ~Ernest Hemingway

    -------------------------------------------------------------------------------------------
    Follow me on twitter.........http://twitter.com/SecondChance122





    Disclaimer: The opinions given in my signatures DO NOT reflect the opinions, views, policies, and/or procedures of my employing agency. They are MY PERSONAL OPINIONS and I accept sole responsibility as such.

 

 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •