Bell, California: As Always With When Government Officials Make Stupid Decisions…There Are Huge and Harmful Ramifications – Yes, $800K Is An Outrageous Amount to Pay A City Manager…But What About A $600K Lifetime Pension? – OUTRAGEOUS…But Just Another Day in the Bizarro-Land That Is California! – Got Insolvency California? You Will Have!
Do you want to know what is wrong with the state of California and why the Golden Broken State is headed to insolvency, bankruptcy and a complete meltdown? Read the ultimate ramifications of these Idiot “Elected Leaders” in Bell, California that paid obscene amounts to city workers which are now leading to OUTRAGEOUS pensions for these overpaid clowns. The Los Angeles Times is on the beat…
Huge checks won’t end with Bell officials’ ouster
“Bell City Manager Robert Rizzo, whose nearly $800,000-a-year salary has ignited community protests and calls for his resignation, will become the highest-paid retiree in California’s pension system when he steps down.
Rizzo, whose forced-resignation could come as early as Thursday, would be entitled to a pension of at least $600,000 a year for the rest of his life, according to retirement calculations made by The Times and reviewed by pension experts.
That would make him the highest-paid retiree in CalPERS, outstripping the $509,664 paid each year to Vernon’s former city manager Bruce Malkenhorst Sr.
Not far behind would be Randy Adams, the man Rizzo hired as Bell police chief last July. If Adams steps down, his pension would be worth an estimated $411,300, placing him just behind Malkenhorst on the list of top CalPERS beneficiaries.
Taking the Bell job was a good career move for Adams, 59. In just one year on the payroll, he more than doubled his retirement pay.”
And you really wonder why California is circling the porcelain bowl? Please, these Buffoons in California have taken Stupidity to an entirely new level and what is going on in Bell, California is only just the tip of the iceberg because there are tens of thousands of California Government workers that are hauling down salaries in the Hundreds of Thousands that will be eligible for Massive Pensions in the coming years.
The LA Times continues….
”As debate over public-sector pensions takes center stage this election year, with Gov. Arnold Schwarzenegger and other leaders pushing for reductions at the state and local levels, the potential pension checks waiting for Bell’s embattled leaders have taken even veteran pension watchers by surprise.
“It’s outrageous and unsustainable,” said pension-reform advocate Marcia Fritz, noting that Rizzo, 55, could receive $26 million in pension income if he lives a normal life span. “High salaries last just a few years — high pensions last for a lifetime.”
Estimating a pension for Assistant City Manager Angela Spaccia, 51, is trickier — she has worked in several different public agencies and won’t be eligible for full retirement until she’s 55. But by conservative estimates, her retirement pay could reach as high as $250,000 a year.
Rizzo, Adams and Spaccia did not return phone calls Wednesday regarding their projected pension benefits.
Bell City Council members are seeking the officials’ resignations amid a public outcry over salaries that appear to be among the highest in the nation, according to sources close to the discussions with the administrators. The council called a special meeting for Thursday afternoon and may announce the resignations then.
Rizzo earns nearly $800,000 a year, making him the highest-paid city manager in California. Adams makes $457,000 — 50% more than Los Angeles Police Chief Charlie Beck. And Spaccia earns $376,288, more than the top administrator for Los Angeles County.”
Yes, that all makes just PERFECT SENSE! NOT!
“The salaries, first reported by The Times last week, have triggered protest in the small, working-class city southeast of downtown Los Angeles. Cristina Garcia, who grew up in Bell and is part of a newly formed citizen’s group, said fat pensions are another insult to city residents.
“It’s unethical and immoral, that’s obvious,” she said. “What’s amazing is that it is all legal.”
The California Public Employees Retirement System administers pensions for most cities in California, including Bell. A spokesman, citing confidentiality laws, said he couldn’t provide information on Rizzo’s and Adams’ estimated retirement income because they are still active employees.
But a pension expert at CalPERS, who asked not to be identified because he is not authorized to discuss retirement figures for workers who are still employed, agreed that The Times’ calculations were “within the ballpark” of what Rizzo and Adams would earn.
Fritz, a certified public accountant, said her calculations show that pension checks could grow even higher if the managers cash out a number of perks available to them.
Rizzo, for instance, could add unused vacation pay to boost his final year’s salary — one of the factors used to determine a pension. Bell employees are also entitled to buy up to five years of service credit for years they did not actually work, said Fritz, president of the California Foundation for Fiscal Responsibility, a pension reform group.”
Oh the Absolute Madness! Hell, we can’t even read any more of this nonsense because it is making us sick so read on yourself….
Huge checks won’t end with Bell officials’ ouster
Here’s a Reality that the United States of America better start thinking about:
These Absolute Idiots in California have set the Golden Broken State up for a Massive Failure and these Fools are going to take down the entire American Republic if someone doesn’t get control of these Buffoons soon! These Irresponsible Idiots in Sacramento have a 20+ Billion Dollar Deficit that they are not dealing with in a serious way and many of them are in fact praying for Jerry Brown to be elected governor so they can…
SPEND EVEN MORE MONEY!
Yes, these “Elected Leaders” in Sacramento pose a great danger to the American Republic and here is the real kicker…
THEY DON’T GIVE A DAMN ABOUT ANYTHING BUT HOLDING ONTO POWER SO THEY CAN KEEP GETTING “THEIR” BIG SALARIES AND HUGE PENSIONS DOWN THE ROAD!
It is that bad in California and no one in power…
GIVES A DAMN!