
Robert Rizzo is California’s $13 million man. While Rizzo and two of his colleagues have resigned from their positions with the small town of Bell (where Rizzo was pulling in a salary of roughly $800,000 a year), they will still be able to collect millions in pension. In Rizzo’s case, his $650,000 annual pension could yield $13 million in twenty years.
Rizzo was making roughly twice the salary of President Obama — to oversee a city of less than 40,000 people. Assistant City Manager Angela Spaccia and Police Chief Randy Adams also resigned.
Adams was making 50% more than the chief of police in Los Angeles. He was pulling in $457,000 and Spaccia made $376,288 a year.
Adams could now claim more than $411,000 a year and Spaccia, 51, could claim as much as $250,000 a year. Spaccia would have to wait until when she reaches 55 however. She could then pull in $7,500,000 if she lives another thirty years. Even at 20 years, Adams could pull in $8,220,000. As for Rizzo, a twenty-year pension period would give him an additional $13,000,000 dollars.
The charges appear to be misappropriation of public funds. Rizzo alone is facing 53 counts of misappropriation of public funds and conflict of interest.
Witnesses said that police used a battering ram to break down the front door of Hernandez before taking him away in handcuffs.
Source: LA Times
