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Director of municipal retirees' system put on paid leave

4 years 8 months 2 weeks ago Saturday, June 06 2015 Jun 6, 2015 June 06, 2015 11:47 AM June 06, 2015 in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - The director the Municipal Employees Retirement System of Louisiana has been put on paid leave after the disclosure that law enforcement officers are investigating possible document tampering.

NOLA.com/The Times-Picayune reports that the system's board was told Friday that director Robert Rust spent three weeks removing from his office a number of receipts that are part of a Louisiana Legislative Auditor investigation into spending.

Charges on a system credit card that Rust controlled include questionable expenditures the past several years, including out-of-state trips and thousands of dollars spent over two dinners at Ruth's Chris Steak House in Baton Rouge.

The 8,000-member municipal system is one of three statewide organizations that oversee the retirement funds of public employees.

State Treasurer John Kennedy says the municipal system has an $80 million deficit.

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