Nov 3, 2009 | Posted by: roboblogger
Full story: Santa Cruz Sentinel![]()
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Uh-Buh-Bye.
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How much is his retirement paying?
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"I'm sorry he's leaving," said Councilman Dennis Norton, but he added, "It's time for a change."
Obviously some MIXED FEELINGS over in Capitola. Don't live there, but -- every city manager allies himself with the ruling faction in local politics -- for good or ill, he has to, to keep the job. But it's not going to make friends with those not in the ruling clique -- nor should it. He must be pretty financially secure to retire at 59 these days. Unless "retire" is just a code word for collect the pension now, work half-time as a consultant. |
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With my nearly 30-years' experience as an elementary teacher, my salary is less than $68,000. I bet this guy's annual retirement is more.
Hmmm. |
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1 I'm hungry, I want a donut. Uhhhhhh. Duuuuh. Ahhhh I wish to present my uuuuhhhhh staff report. But I told my staff to do that and they're not here. Uh-oh. I still get paid, right? Uuuuhhhhh..... Rich Hill |
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Thats because he made $173,000 a year and he's been in PERS for about the same time you've been in STRS. It's pretty obvious his retirement will be higher than your salary. He'll get roughly 80% of his salary. PERS offers much better retirement benefits than STRS does. |
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