#ElMonte pensions screw taxpayers – it’s basically stealing

The retired city manager of El Monte collects more than $216,000 a year, plus cost-of-living increases and fully paid health insurance.

Few Americans have pensions anymore — least of all the El Monte taxpayers who fund the retirement scam.

Even more galling, part of a coterie of former El Monte civil servants receive one taxpayer-funded pension through the California Public Employees’ Retirement System (CalPERS) — and a second through a “supplemental” plan approved by the city council in 2000.

The extra pensions, along with other sweeteners granted to El Monte employees over the years, have created one of the heaviest public pension burdens of any city in California.

El Monte’s retirement costs totaled $16.5 million this year. That’s equal to 28% of the city’s general fund.

Among California’s 10 largest cities, only San Jose paid as much toward retirement costs relative to its general fund. Los Angeles spends 20% of its general fund on retirement costs.

Read about the whole scam in the Los Angeles Times

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