San Diego pension payouts likened to city of Bell

SAN DIEGO — According to Sandiego6.com a report was released Oct. 4 that documents large retirement payouts for former city of San Diego employees.
The report was prepared by Marcia Fritz, president of the California Foundation for Pension Reform and states that the top 10 recipients of pensions in the city of San Diego will receive a combined $61.5 million over the next 25 years.
“These workers, these retirees, are drawing from four different retirement allowances at the same time,” Fritz said.
“They are making more in retirement than the current salary of the city workers that are replacing them,” she said. “We are making millionaires out of these workers.”
“This is actually worse than Bell, believe it or not,” Fritz said, referring to the Los Angeles County city currently facing corruption charges.
One standout of the report is a former San Diego city librarian eligible to collect $227,249 annually over 25 years.
Councilwoman Marti Emerald said the current council has been aggressive on pension reform and is frustrated by rhetoric that suggests otherwise.
“Most people who work for the city of San Diego will work here 20 or 30 years, and they’ll pull an average pension of about $38,000. When people try to make this pension some sort of windfall for people who work for the city, it’s not accurate, they are just not telling the truth,” Emerald said.

Share

Filed Under: Fast FeaturesRancho Santa Fe NewsThe Coast News

RSSComments (5)

Leave a Reply | Trackback URL

  1. jgcoastnews says:

    In the very last sentence, the quote says "…its (sic) not accurate, they are just telling the truth,"
    Should the quote read "NOT telling the truth." instead?
    For such an important topic, this article should receive an appropriate measure of proof-reading.

  2. neodd says:

    Proofread, then correct, a quote? So the quote no longer says what the person quoted actually said?

    As the quote currently exists, readers can only wonder what was really meant. One possibility is: Up is down and down is up, except when it isn’t.

  3. Long Time San Diegoa says:

    These people are supposed to be public servants. Instead, they are self- serving, greedy, ego- inflated small-minded individuals.
    VOTE NO on PROP D !!!

  4. reality check says:

    I find it oddly sexist that you point out the former city librarian’s retirement and not the others mentioned in the original piece. She wasn’t the one who created the system. Go after the creators not those who worked under it.

  5. Joan Stevens says:

    Why was the Director of the Library singled out? She’s the only woman in the top 10 pensions and she’s nowhere near the highest pension. Why not go after the men that are collecting more than the Library Director? Also what many people fail to understand is a lot of that pension money is the resulted of employee contributions than were invested over 35 years.

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.