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You thought that the financial problems caused by $50 million, in a lifetime, of pensions for three people is their problem, you are wrong. KTLA in Los Angeles believes the first year of retirement will bring the fired city manager $884,000--and he is 55 years old. By the time he reaches 83, the check will before $1.47 million. The police chief starts at $450,000 per year.
"Fritz, of the California Foundation for Fiscal Responsibility, said Bell is pooled with 140 similarly sized California towns and public entities like water and sanitation districts, and together their taxes will be used to support Rizzo in the style to which Bell got him accustomed. Assuming she's right a spokesperson for the California Public Employees Retirement System said the agency is still trying to unravel the Bell situation and wouldn't be able to confirm Fritz's analysis until Monday that could spell trouble for a lot of innocent towns.
Barstow? Congratulations. If Rizzo wants caviar on his crackers, you'll help pick up the tab. You too, San Gabriel, La Canada Flintridge, Imperial Beach and El Cerrito. And the same goes for taxpayers in Norco, Yucca Valley, the Goleta Water District and the Big Bear Regional Wastewater Agency."
It is time to unravel the corruption of the cities, end the unsustainable pension plans and demand that government make massive cuts. This again proves that government has too much money--$884,000 per year government pension?
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"Fritz, of the California Foundation for Fiscal Responsibility, said Bell is pooled with 140 similarly sized California towns and public entities like water and sanitation districts, and together their taxes will be used to support Rizzo in the style to which Bell got him accustomed. Assuming she's right a spokesperson for the California Public Employees Retirement System said the agency is still trying to unravel the Bell situation and wouldn't be able to confirm Fritz's analysis until Monday that could spell trouble for a lot of innocent towns.
Barstow? Congratulations. If Rizzo wants caviar on his crackers, you'll help pick up the tab. You too, San Gabriel, La Canada Flintridge, Imperial Beach and El Cerrito. And the same goes for taxpayers in Norco, Yucca Valley, the Goleta Water District and the Big Bear Regional Wastewater Agency."
It is time to unravel the corruption of the cities, end the unsustainable pension plans and demand that government make massive cuts. This again proves that government has too much money--$884,000 per year government pension?
More...