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  1. #1
    countybear's Avatar
    countybear is offline 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???


    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."
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  2. #2
    Cidp24's Avatar
    Cidp24 is offline 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."
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  3. #3
    Captain America's Avatar
    Captain America is offline Reed and Malloy were my FTOs
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    I guess I'm working tell I'm 90 now.

    "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


  4. #4
    Morris is offline 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.

  5. #5
    mavriktu's Avatar
    mavriktu is offline 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.

  6. #6
    Second Chance's Avatar
    Second Chance is offline Be the last one standing
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    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

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