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10-12-09, 10:16 PM
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BDRT - Baby Daddy Removal Team
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Verified LEO
Super Moderator
Join Date: 01-18-07
Location: Louisiana
Posts: 6,288
Rep Power: 4189606
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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???
Quote:
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.
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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?
__________________
"Without an adequate knowledge of its use, there can be few things so purposeless and dangerous as a pistol. Adequate knowledge comes only from competent instruction. If you have never recieved such instruction and are not prepared to do so, do not buy a pistol, or if you own one alrendy, surrender it to the police. That will help to lighten the burden of their cares." -- Captain W.E. Fairburn, Shooting to Live
"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
The opinions expressed by this poster are wholly his own, and should never be construed to even remotely be in alignment with 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
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Is it Summer yet??
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Premium Lifetime Member
Verified LEO
Join Date: 07-17-06
Location: Crossroads of the Sunny South
Posts: 7,335
Rep Power: 3162194
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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.
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************************* "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
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Reed and Malloy were my FTOs
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Supporting Member Lvl 1
Verified LEO
Site Moderator
Join Date: 05-01-08
Location: Louisiana
Posts: 6,978
Rep Power: 4814093
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I guess I'm working tell I'm 90 now. 
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"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
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10-13-09, 12:42 AM
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Chief Wheaties Pisser
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Verified LEO
Join Date: 10-24-07
Location: Just outside Latteland
Posts: 1,388
Rep Power: 936382
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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
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Patrol Sgt.
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Verified LEO
Join Date: 05-21-06
Location: Louisiana
Posts: 2,685
Rep Power: 5265948
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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
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Be the last one standing
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Supporting Member Lvl 1
Join Date: 03-27-08
Location: Atlanta, Ga.
Posts: 2,743
Rep Power: 937108
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Quote:
Originally Posted by Morris
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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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
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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. |
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