Random notes: June 18, 2012.

I don’t have anything to say about Rodney King.

I do, however, have a Bell update: Robert “Ratso” Rizzo and Angela Spaccia lost five years of pension credit. CALPERS, the people who regulate state pensions, ruled that the five years of credit Rizzo and Spaccia had purchased was bought using city funds. This is a) not legal, and 2) CALPERS “found no evidence that the Bell City Council had approved making payments”.

According to the LAT, Ratso’s pension has been cut from $650,000 a year to $50,000 a year. Spaccia went from $250,000 to $34,000. Neither of these figures include money both could have received from “Bell’s supplementary retirement program”.

Comments are closed.