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10-12-09, 10:16 PM #1
BDRT - Baby Daddy Removal Team
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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???
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?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.
"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.
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10-12-09, 10:40 PM #2
Tempus Fugit
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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.
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10-13-09, 12:01 AM #3
Reed and Malloy were my FTOs
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I guess I'm working tell I'm 90 now.
SI VIS PACEM PARA BELLUM-Ex-Sheriff Martin Howe to Will Kane in "High Noon"
"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."
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
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10-13-09, 12:42 AM #4
Chief Wheaties Pisser
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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.
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10-13-09, 09:50 AM #5
Patrol Sgt.
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Whew,well at least I am in the Sheriffs retirement system,which knowing La. I am sure is also into shady shit.
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10-13-09, 10:20 AM #6
Be the last one standing
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All I want for Christmas is to move to Washington.................... ..
Originally Posted by Morris
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
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