Skip to comments.Private-sector salary for public employee (CA cty admin receives +$400,000 per year for life)
Posted on 03/26/2013 2:52:00 PM PDT by InvisibleChurch
Working for the public good has also worked well for one California county administrators bank account.
According to reports by several newspapers, Alameda County, in the San Francisco Bay Area, is paying its County Administrator Susan Muranishi, north of $400,000for life. This includes a generous base salary of $301,000, plus taxpayer-funded deferred pension plans paid for by the county.
The pension accounts are set by a formula that multiplies years of service by 2 to 3 percent of the top salary to calculate the benefit, the San Jose Mercury News reports. With 38 years of service under her belt, the top Alameda official, along with two top county executives, benefit lavishly. The publication notes, Muranishi, for example, was the highest-paid county administrator in the Bay Area, with $422,268 in salary last year. In addition, she received $137,196 toward her pension and another $46,500 dumped into a pair of deferred compensation accounts. Most pension plans require the employee to pay inbut not in this case.
(Excerpt) Read more at news.yahoo.com ...
And they wonder why they’re broke.
I’ve got a deal kind of like that except mine is completely self funded and has and no guarantees. That and the decimal point is way too far to the right.
They should be wondering why that torch carrying mob is outside their offices and where they got all that hot tar and feathers.
Or until the county goes bankrupt.
How many cops could be on the street with this money? How many jail beds could be available? And how many starving children in Biafria could be helped here? (the last one is for the libs)
Cut it to ZERO. Can’t afford it. Employee has enough to live on as it is. The current year’s payout is more than some have in their retirement accounts (which are demonized as “stolen wealth”).
Taxpayers shouldn’t have to pay one more dime to support the politburo.