The rewards of public service
Service is its own reward, a but an $800,000 salary isn’t bad either, especially if you’re the city manager for Bell, California. The LA Times reports:
A local official in California earning close to $800,000 a year as the manager of a city with nearly a quarter of its population in poverty has quit following a public uproar, the mayor said on Friday…[Robert] Rizzo’s $787,637 salary was nearly twice that of U.S. President Barack Obama, a considerable expense for a city of 37,000 people operating its own food bank for impoverished residents.
Both the attorney general’s office and Calpers, the California public pension system, are investigating the situation.
Calpers has an interest in the compensation Bell provided because of the pension payments it must make.
Rizzo could amass pension payments of more than $30 million in retirement if he lives until age 83, according to an analysis by the California Foundation for Fiscal Responsibility, a group calling for an overhaul of the state’s public pension system.
Featured Articles
"Doublethink Online"
Erdogan To Obama: Strong Horse Or Weak Horse?
At a joint press conference at the White House on Thursday, President Barack Obama and Turkish Prime Minister Recep Tayyip Erdogan told us what we already knew: They agree that Syrian dictator Bashar. […]
Authoritarian Can’t Hide Embarrassing Story In The Internet Age
Horses and powerful rulers have an odd relationship. Roman Emperor Caligula named his horse a consul. More recently, the horse of Turkmen President Gurbanguly Berdymukhamedov almost killed him. Wearin. […]