(KTLA-TV) |
BELL-- Cities across Southern California will be footing the excessive pension pay to the recently ousted Bell city officials, a pension expert said.
According to the Los Angeles Times, taxpayers outside Bell will be stuck paying for the hefty 6-figure pensions due to the archaic and complex state pension system, CalPERS.
140 small cities and special districts in the same pension pool as Bell will be paying for more than half of former city manager Robert Rizzo's $600,000 yearly pension, the Times reported.
The cities that will be paying up include Glendale, Simi Valley, Ventura, Norco, La Canada Flintridge and Goleta, as well as Hesperia and Rancho Cucamonga, where Rizzo worked in the past.
When he resigned last week, Rizzo was making almost $800,000 a year.
Bell's former police chief, Randy Adams, was making $457,000 a year when he resigned last week. Due to CalPERS rules, Bell is responsible for paying only 3% of the approximate $411,300 pension, while taxpayers in Glendale, Simi Valley and Ventura are set to pay the rest, according to pension experts.
The cities of Glendale and Ventura have petitioned the attorney general to investigate the Bell city officials' salaries, and CalPERs said both men's pensions would be on hold until the investigations are completed.
Governor Arnold Schwarzenegger as well as Attorney General Jerry Brown and Meg Whitman have all urged reforms for the widely used state pension system.
According to the Los Angeles Times, taxpayers outside Bell will be stuck paying for the hefty 6-figure pensions due to the archaic and complex state pension system, CalPERS.
140 small cities and special districts in the same pension pool as Bell will be paying for more than half of former city manager Robert Rizzo's $600,000 yearly pension, the Times reported.
The cities that will be paying up include Glendale, Simi Valley, Ventura, Norco, La Canada Flintridge and Goleta, as well as Hesperia and Rancho Cucamonga, where Rizzo worked in the past.
When he resigned last week, Rizzo was making almost $800,000 a year.
Bell's former police chief, Randy Adams, was making $457,000 a year when he resigned last week. Due to CalPERS rules, Bell is responsible for paying only 3% of the approximate $411,300 pension, while taxpayers in Glendale, Simi Valley and Ventura are set to pay the rest, according to pension experts.
The cities of Glendale and Ventura have petitioned the attorney general to investigate the Bell city officials' salaries, and CalPERs said both men's pensions would be on hold until the investigations are completed.
Governor Arnold Schwarzenegger as well as Attorney General Jerry Brown and Meg Whitman have all urged reforms for the widely used state pension system.
