Pension Board Meeting

Anyone have the info on Tuesday's meeting?

An entry in the comment section states that the retiree rep Hauser and the Lieutenant rep Maloney sided with the City appointees on a number of procedural motions:

• Today at the Pension Board Meeting PO Mike Shields and Sgt. Mike Lazarro made 2 motions. 1 was for a vote of no confidence against John Gallagher, and the 2nd was to put a letter of admonishment in John Gallagher’s file for playing secret squirrel regarding Weis and Co. and our Pension Fund. All 4 of our ELECTED TRUSTEES were present, only 3 of mayors appointed trustees were present. Both motions were voted down because RETIRED PO KEN HOUSER AND LT. JIM MALONEY sided with Gallagher and the city’s trustees with a 2-5 vote denying the motions.

We also heard a rumor that the head of IPRA is in our pension somehow? Supposedly, Gallgher refuses to release any sort of list of who is actually paying into our pension and stunts like J-Fed and Co. sneaking in the backdoor demonstrate a definite need for absolute transparency regarding Pension Board dealings. These cockroaches have been operating in the dark for far too long and something needs to change in light of the sad state of our underfunded pension.

And evidently, Hauser and Maloney need to be removed by their respective voting blocs, too.