Sunday, June 1, 2008

Taxpayers Burden continues.....

The people of Oklahoma should be outraged that they will continue to support former Sen. Gene Stipe!
Disgraced former Senator Gene Stipe, now a convicted felon, gets to keep his $7,042 monthly state retirement checks and recoup some $344,000 back pay......the Oklahoma Supreme Court ruled this week. [this amount is ridiculous].

The court upheld a district judge's ruling that Stipe is entitled to the sum, his full retirement benefit based on his years of service in the Legislature. The board of the Oklahoma Public Employees Retirement System had appealed an Oklahoma County judge's decision reinstating Stipe's full benefits.
The OPERS had reduced Stipe's pension to about $1,600 a month after he pleaded guilty to illegally funneling money into a 1998 congressional campaign. Stipe argued his pension should not have been cut because his plea did not relate to his duties as a legislator.
[What an insult to anyones intelligence - only one justice (Winchester) agreed].

(note: a source who asked to remain anonymous, alleges, Stipe to have siphoned-off at least $10 million of YOUR taxpayer dollars!)

Read Paul Jacobs thoughts on this OK (not) decision at:
http://www.townhall.com/columnists/PaulJacob/2008/06/01/another_ok_court_decision

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