George has already shared his solutions to the MPRA pension problem with
those who could do something about it. Unfortunately the "parasite
attorneys and politicians" would be removed from further opportunities to
remove millions from the fund in legal fees, lobbying fees, donations,
contributions etc. This is completely unacceptable to the powers that be.
Legal expenses for MPRA in the last 5 years were in excess of $5 million.
Of course this is only Minneapolis taxpayer money, easily replaced.
To put this in perspective, legal fees for Minneapolis Employees
Retirement Fund (MERF), a well run, professionally administered public fund,
ran approximately $20,000.00 per year. Why is that? MERF is approximately
5 times larger than MPRA. Possibly "parasitic lawyers and politicians"?
George Janssen
Longfellow
----- Original Message -----
From: "Mark Snyder" <[EMAIL PROTECTED]>
To: "Minneapolis Issues Forum" <[email protected]>
Sent: Sunday, July 03, 2005 9:11 AM
Subject: Re: [Mpls] Police pensions...
On 7/1/05 7:29 PM, "George Janssen" <[EMAIL PROTECTED]> wrote:
This MPRA pension problem could be easily solved without loss of benefits
to
the retiree or widow and with a minimum of loss to the long suffering
Minneapolis taxpayer. It will not be solved as long as there is a dollar
to
be gained by parasite lawyers and politicians who have suckled at the
teat of
MPRA for decades and will not give it up.
This sounds like an issue worth exploring further.
I hope George might share some details on his solution for this problem,
beyond the "get rid of the parasite lawyers and politicians" rhetoric?
Mark Snyder
Windom Park
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