Who was on the Board of Estimate and Taxation at the time of the
vote? Were they like Bob Fine the MPRB's voting member linked to Brian
Rice who represents the Police and Fire Pensions and likely to be
swayed to do what benefits the retirees over the taxpayers???? I
guess I would need more information then Rep. Kahn has provided as to
who is tied to what in the decision to fork over more benefits and
bonuses to these groups of retirees. If the stock market goes into a
dive and I am not diversified my 401k sinks and the taxpayers of
Minnesota don't bail me out or give me extra bonus checks. I also do
not have the services of Mr. Rice and his team of lobbyists to
convince the legislature to help me out. I am not under the impression
that this is unfair... these groups use their pension dollars to fund
lobbyists and candidates' campaigns in order to get benefits they
assume will outweigh the costs of the PAC and lobbyists. I just don't
think that we the taxpayers should be told we are in the wrong because
we would prefer not to bail them out. If the city managed the pensions
and screwed up then yes, they should fund the short fall, but from Mr.
Jensen's posts it seem that the union members appointed their pension
managers.
Liz Wielinski
Columbia Park
Still not convinced
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