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Tuesday, October 25, 2011

"CalPERS & CalSTRS: cracking down on ‘spiking’"
By Ed Mendel
calpensions.com
October 20, 2011
Link: http://calpensions.com/2011/10/20/calpers-calstrs-cracking-down-on-spiking/

Facts (see news article cited directly above):

  • A fire chief in Contra Costa County (California) retired with a PENSION of $284,000 a year. 
  • An auditor-controller-treasurer in Sonoma County (California) retired with a PENSION of $254,625 per year. 

Commentary:

  • These pensions are obscene and immoral. 

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