Rep. Kahn's concern for the taxpayer of Minneapolis is hypocritical at
least and disingenuous at best. Here is a lawmaker who could have and should
have shown leadership when the Minneapolis Police Relief Association (MPRA)
Pension Fund was criminally looted of nearly $10 million dollars seven years
ago. Because those responsible for the loss were "connected DFL'rs" she and
other politicians were willing to give them a pass. Any meaningful criminal
and/or civil investigation was avoided and even thwarted by those who were
charged with protecting the public treasury. The loss to the Minneapolis
taxpayer was estimated at the time to be at least $50 million by then city
finance director John Moir. Due to ongoing mismanagement of the fund, the
draining of millions by various law firms and lawyers and the down turn of the
financial markets, the cost to the Minneapolis taxpayer is now many times that
amount.
Yet Rep. Kahn would extend the life of this drain on the public treasury
and golden goose for lawyers and money managers another 10 years. In "saving"
the Minneapolis taxpayer $25 million (which is questionable) an extended fund
would cost the Minneapolis taxpayer many more millions. But, Rep. Kahn and
other politicos would continue to receive their political contributions and
other largess from the fund. This windfall would end if they did they did the
right thing for the MPRA members and the Minneapolis taxpayer and removed all
the MPRA funds to the state for administration.
The MPRA would be kept self managed by the 70 or so politicians who receive
donations from this fund strictly for self serving purposes. There is only
selfish reasons for keeping this fund from joining the 48 other fire/police
funds administered under PERA. The Minneapolis taxpayer be damned!
George Janssen
Longfellow
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