Bell City Manager Robert Rizzo stepped down three weeks ago after news broke that he was making $800,000 a year to oversee the blue-collar town of 40,000. Now the Los Angeles Times reports that records show Mr. Rizzo’s compensation was double that amount—some $1.5 million a year. That number included the 28 weeks of vacation and sick time Mr. Rizzo was allowed annually—at a cost of $386,000. Good work, if you can get it.
Mr. Bell’s comp also spiraled up thanks to the city’s contributions to his pension and other retirement plans. Mr. Rizzo is in line to collect at least $600,000 annually in guaranteed pension payouts upon retirement, thanks to California’s generous formulas based on time served and compensation. Those payouts—which could add up to tens of millions of dollars over Mr. Rizzo’s lifetime—help explain why the Golden State is currently $6.2 billion in the hole for retiree pension and benefit payments.
According to the California Foundation for Fiscal Responsibility, a nonprofit that advocates pension reform, Mr. Rizzo is hardly alone. The foundation lists 9,111 retired California government workers receiving pensions in excess of $100,000 a year. The top earner, one Bruce Malkenhorst, receives $510,000 a year for his tenure as city administrator of Vernon, California (population, 91). Not including health benefits.
There were some insightful comments when brownstoner asked for advice about the site few days back.
I think essentially there are far too many ‘dynamic’ elements on the site (may be unavodable with all those animated ads) which means even the Back button takes forever to reload a page you should already have in cache.
I am also having problems with this site today (hourglass flickering). I believe that there is some kind of programming issue, since huge amounts of information (the entire site including ads have to be reloaded with each refresh).
Re public sector compensation, dibs, demographics and the pension system, a priori, make the public sector more lucrative than ever before. Most NYC Civil Service jobs allow for a pension after 20 years. Imagine a firefighter who is hired at 21, works till 41, and then lives to 85. If you retire on a disability, which many of them do (for legitimate reasons many of them but some stretching the limits of what can be considered a work related injury), you can receive almost full pay, tax free until you die.
Stock Market is Bouncing.
When was the last time anyone from Brooklyn heights could have been considered “dynamic?”
Truman Capote, maybe???? Or would that just be “flamboyant?”
MPROTD(My pension rant of the day)
Bell City Manager Robert Rizzo stepped down three weeks ago after news broke that he was making $800,000 a year to oversee the blue-collar town of 40,000. Now the Los Angeles Times reports that records show Mr. Rizzo’s compensation was double that amount—some $1.5 million a year. That number included the 28 weeks of vacation and sick time Mr. Rizzo was allowed annually—at a cost of $386,000. Good work, if you can get it.
Mr. Bell’s comp also spiraled up thanks to the city’s contributions to his pension and other retirement plans. Mr. Rizzo is in line to collect at least $600,000 annually in guaranteed pension payouts upon retirement, thanks to California’s generous formulas based on time served and compensation. Those payouts—which could add up to tens of millions of dollars over Mr. Rizzo’s lifetime—help explain why the Golden State is currently $6.2 billion in the hole for retiree pension and benefit payments.
According to the California Foundation for Fiscal Responsibility, a nonprofit that advocates pension reform, Mr. Rizzo is hardly alone. The foundation lists 9,111 retired California government workers receiving pensions in excess of $100,000 a year. The top earner, one Bruce Malkenhorst, receives $510,000 a year for his tenure as city administrator of Vernon, California (population, 91). Not including health benefits.
“I think essentially there are far too many ‘dynamic’ elements on the site”
Yet there are very few dynamic elements in the OT.
🙂
There were some insightful comments when brownstoner asked for advice about the site few days back.
I think essentially there are far too many ‘dynamic’ elements on the site (may be unavodable with all those animated ads) which means even the Back button takes forever to reload a page you should already have in cache.
Personally, I think it’s poor site design.
At least the typing stutter’s gone away
I’ve been getting the hourglass a lot lately, too. I had thought it was my work computer.
Good morning, all!
I am also having problems with this site today (hourglass flickering). I believe that there is some kind of programming issue, since huge amounts of information (the entire site including ads have to be reloaded with each refresh).
She sounds like the ideal woman for *rob*
The recipe I made last night was delish!!!!
Re public sector compensation, dibs, demographics and the pension system, a priori, make the public sector more lucrative than ever before. Most NYC Civil Service jobs allow for a pension after 20 years. Imagine a firefighter who is hired at 21, works till 41, and then lives to 85. If you retire on a disability, which many of them do (for legitimate reasons many of them but some stretching the limits of what can be considered a work related injury), you can receive almost full pay, tax free until you die.