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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    Display: Sort:
    You mean the Waikiki Beach morgue, right? (none / 0) (#3)
    by Corinthian Scales on Fri May 17, 2013 at 01:29:43 PM EST
    There is an old expression for this kind of rich.

    Four trustees of Detroit's two public pension funds are heading to a Hawaiian beach resort this weekend with their $22,000 tab paid for by the funds, which are mired in claims of mismanagement and said to be at least $600 million underfunded.

    Trustees say the conference provides the education they need to manage complex investments for the funds' retirees and beneficiaries. But other major public pension systems, including the Los Angeles Fire and Police Pensions, avoided sending their officials to Hawaii because of concerns the exotic locale sends the wrong message at a time when pensions nationwide are contemplating or implementing reduced benefits to cope with rising retirement costs and shaky investment returns.

    Records obtained by the Free Press under the Freedom of Information Act show the expenses cover airfare -- including a first-class flight for one trustee -- lodging at the Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, registration fees, meals and a per diem for miscellaneous expenses.

    REST

    Send the Cesspool of Detoilet to Chapter 9.

    • Agreed.. by JGillman, 05/17/2013 03:02:10 PM EST (none / 0)

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