Monday, October 17, 2011

MORE ON THOSE UNDERFUNDED / OVER-GENEROUS PUBLIC PENSIONS

Instapundit » Blog Archive » MORE ON THOSE UNDERFUNDED / OVER-GENEROUS PUBLIC PENSIONS
In fall 2006, voters narrowly approved an upgraded pension plan intended only for uniformed officers in the Knox County Sheriff’s Office.

A committee that met outside public view later expanded the eligibility rules, according to records.
Key decisions were made in small committee meetings — meetings that some members today said they can’t even recall.

Little notice went out to the public as the plan came together, except for a piece of paper tacked onto a wall down a hallway of the City County Building.

And when it came time to bless the final package, one of the county’s biggest expenditures in decades, the Knox County Commission approved it without deliberation.
Some of those who voted for it directly benefited by it or had family members who would benefit by it.

And now, the Uniformed Officers Pension Plan, or UOPP, costs taxpayers $8.2 million a year — almost three times what was first projected, figures show. Funding costs are expected to rise even more.

This type of scam is happening EVERYWHERE in the country.
And the same tactics are being used here in Muskegon county.
Will we the people continue to allow it?

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