Judge rules in favor of Pension Board

Judge Stodard ruled in favor of the Pension Board on all counts/questions.

[Trash Man]

I think not!

Thanks for the news on the favorable verdict from the judge Pat, having served on the board when the small group of retirees slammed us with accusations of improper conduct when I knew the board was making the right decisions I for one feel vindicated. Keep up the good work. It was sad that the Pension Fund had to spend hundreds of thousands to defend our actions.

Thanks for the kind words Tom. I only have to correct you on one point...I think the "several hundred thousand dollars" spent was a "several hundred thousand dollars ago".

[PHA-Q]

Do we reduce the the amount of the paychecks of the retires that tried to sue us untill they pay off the loss.

[Newfield]

Your handle suggests your mentality. However; to answer your question I believe that would be considered one cost of doing business.

Yea PAt tell them you have already taken action to regain your losses. You are withhold a $6,000 benefit from the DROP members to off set your costs.

I thought you had to have a court order to garinish pension checks or DROP accounts for legal fees.

Feel Good some of those old guys will be dead before they get it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

All retirees, including DROP, recently received the letter attached to this link. It clearly explains that the 13th check that would otherwise be payable will be delayed until all appeals are resolved in the current litigation.

If the pension board wins the appeals then there will be accumulative actuarial gains and the 13th check will be paid. Did I mention the pension board is paying 9% interest on the money while everyone waits for the money?

If the pension board loses then we will still be making up losses from 2001-2002 and there will be no 13th check. It couldn't get much simpler so don't get confused when the next anonymous poster claims that the check is being withheld as some form of extortion or punishment.

Here is the link to the 13th check letter.

[/url]http://www.tampagov.net/dept%5Ffp%5Fpension/13th%20check/13th%20check%20may%202006.pdf

My contract differs from your accessment Pat. Explain where in the contract it states that the returns for the 13th Check can be withheld in the event of ANYONE filing a suit or action that could cause the fund to pay or re-pay funds. IT'S NOT THERE.....

Why not remove some other benefits as well to save you money. What are you doing with that billion plus dollars anyway.

Any future accessments against the plan becomes an Unfunded Liability to be repaid over 30 years. The city owed the plan 4.2 million and that's how they repaid it.

My DROP Account will be short $6,000 thanks to you and your 9% how thankful of you, if the fund earns 15% I get 9% NO WAY PAT.

If you do lose then you did it wrong to begin with and should have had ALL the INFORMATION before you acted.

Before we start slamming retired , actives/ drops/ please rememeber we will ALLl be retired some day.

Well it seems Pat has once again jumped on his band wagon to let the actives know what a great trustee he is looking out for thier interests. Well the 2nd DCA hasn't ruled on any of the counts he just put his horse in front of his cart. Read his latest after he was told the truth about the ruling. This should convince you that Trustee Pat doesn't give a dam about the retirees he is representing as a state trustee for a retirement system.

Pat your position is not a bargaining position for a union it is a trustee to make sure a retiree or any retiree receives the benefits due them under the contract.

Sometimes it takes a Judge to determine if the contract is being followed or not.......i.e. the Congilio case........SO QUIT TAKING IT PERSONAL PAT.

DO YOUR JOB....................

Pat is doing his best to keep us informed. You would do well to keep your anonymous personal attacks to yourself. All you are doing is showing your maturity level. These attacks by a few bitter people are doing a great job of polarizing the actives against the whole of the retirees. This is unfortunate as the majority of the retirees are not as bitter and spiteful as you.

Pat IS, and always has been doing his job. Just because he does not agree with you, doesn't make him wrong. And as for your "Sometimes it takes a judge..." nonsense....haven,t a couple judges ALREADY told you you're wrong? Keep wasting your association's money if you want. Just stop coming over asking us to feel sorry for you because your attempted grand theft isn't working out like you planned.

Well I'm one of those guys that left dear old TPD in the early2000's and I'm also retired and have been beaten out of some of my pension money, but don't fear I'm currently pulling down 80K TAX FREE $$$ a year.. Yeah my bill are all paid off and I'm lovin it. NO thanks to you guys. But I know the story and the chapters continue to be written. As for my brothers and sisters wtill beating the pavement, one day you might get to where I am, if you do I hope noone takes from you what you spend over 20 years working for. God Bless to everyone, life is too short for this shit.

Hey Overseas,

If you doing sooo great and loving it, why do you still spend time coming to this board, CUZ YOU CANT LET GO!!!!!!!!!!!

Go Retiree again, from this board!!!!

Pat you have done a better JOB then any of the Retired one before you!!!!!
Keep up the GOOD work!!!!!

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