Posted on 09/11/2010 8:23:37 AM PDT by Libloather
9,111 retired California government workers receive pensions in excess of $100,000 from CalPERS
Not bad for not working.
Libertarian ping
No wonder California has gone over the edge...never to return.
THIS is where the true outrage should be focused. These people produce nothing of tangible value, do not employ any others, nor do they produce profit for any shareholders. Their entire career and retirement are nothing but a 100% drain on taxpayers. They should be shamed and shunned mercilessly.
No bailouts of California..EVER!! They did this to themselves...and too many other states are doing the same thing. Time to starve the beast and the UNIONS that are destroying our country with their greed.
I don’t see how the state survives on with this group of almost 10k folks....and at least another 4k within the next 18 months. It’s a pretty sad way for a state to bankrupt itself.
bump
very few gubamint workers are worth their weight in gold and jewels.
California is going to regret the day it let the unions take over.
Oh wait,, what am I saying? lol
No bailouts of California..EVER!!
Got that right! Their liberal policies got them in this mess.
Why should our tax dollars be used to bail their socialist arse out.
Let Mexico bail them out.
Inexcusable.
It’s how unions operate.see Obama&Co.
The solution seems simple enough to me. Create an excise tax on excess (you pick a number) public pensions. The Feds alone have the power to tax income of any stripe in any way they please. The egregious pensions paid to the rulers of Bell in CA offer a great case study. Let these self dealing plutocrats feather their nest with whatever they want. Taxpayers will never get ahead of them at that point. The proceeds from this most fair of all excise taxes could be used to bail out the entities including state and local governments that are being defrauded.
Ohio Pension officials traveled in style - Public systems' excursions exceeded $1 million in year
Collectively the top 9,111 collect well over a billion dollars a year.
A billion here, a billion there, before long it starts to add up to some real money.
Indicted Vernon official collecting $500,000 annual pension
May 7, 2009 |
For years, Bruce Malkenhorst Sr. reigned as the highest-paid city official in California, riding in limousines and making more than half a million dollars a year as city administrator for the tiny industrial town of Vernon. Then the 74-year-old was charged with embezzling public funds.
But Malkenhorst still sits at the top — this time as the retiree collecting the most money from the state’s public employee pension fund. Malkenhorst draws about $500,000 a year in state pension benefits, even as he awaits a trial.
According to figures released this week under a public records request by the California Foundation for Fiscal Responsibility, the former Vernon administrator tops a list of about 4,800 retirees who get more than $100,000 a year from CalPERS. Marcia Fritz, vice chairman of the organization, said such lucrative pensions are a waste of tax dollars.
“We can’t afford to pay for this and have a government that functions,” she said. Malkenhorst far outpaced the second person on the list, a UCLA physician, who receives $296,555.
Vernon officials had no comment Thursday on the pension. Malkenhorst, who has denied any wrongdoing, could not be reached for comment.
Los Angeles County prosecutors allege that he spent $60,000 in city money for personal use, including massages, golf outings and political contributions.
Max Huntsman, the prosecutor handling the Malkenhorst case, said it’s not illegal to be highly paid, but added that he has “never heard of anybody in any public capacity paid as much as [Malkenhorst]. I don’t think any such person has ever existed — state, federal. Maybe someone in the United [Arab] Emirates.”
bflr
Thanks for the insight into who this Malkenhorst is. I worked a summer job at a factory in Vernon back in 1970 when I was in college and it was a gritty little industrial enclave. Hard to believe a city employee drawing 500K there.
Wow, that is some indictment of these people. How did you get that insight and knowledge of what they did in their careers?
We can thank Gerry Brown for setting up the laws that enable this bs.
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