[Mpls] Police pensions...

[George Janssen]

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" <snyde043 at tc.umn.edu>
To: "Minneapolis Issues Forum" <mpls at mnforum.org>
Sent: Sunday, July 03, 2005 9:11 AM
Subject: Re: [Mpls] Police pensions...


> On 7/1/05 7:29 PM, "George Janssen" <g.r.janssen at visi.com> 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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