More Money Matters

During Managers Comments slot at the 04/09/08 LNT Supervisors Meeting , Tim Tenges stated he wanted to move the Townships pension assets from National Penn (formerly KNBT) to Philadelphia Trust Co. He stated he wasn’t asking the Supervisors for a decision tonight, was just giving a heads up. Felcheck and Spangler (spelling?) of Philadelphia Trust Co. gave Tenges a presentation and he said he liked it. Tenges did not provide any information about the presentation or benefits/risks to the Township of making the change. Maybe he will before the Supervisors vote on it?

Other then telling the Board he wants to move the money what information did he provide to permit any kind of intelligent decision?

This entry was posted on 10. April 2008 at 21:09 and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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