Why play the lottery when you can just put in your time at the Calleguas Water District.
Check out these salaries:
Calleguas Municipal Water District
68 employees
$86,506 average wages for all employees in this special district
$5,882,400 amount spent on total wages by this special district
Activity:
Water Enterprise
Now check out the top 10 salaries:
Hard to see when the GM snakes a sweet $618,608 on the way out the door. Here is the break out (click for larger):
Here is the website to research your favorite agency:
http://gcc.sco.ca.gov/
And here is the Calleguas website:
http://www.calleguas.com/index.html
There are some 7000+ "special districts" in California but we need the water.
11 comments:
Here is a perfect tie in from Bloomberg.
Cashing out like that is criminal.
At least he will pay a huge tax bill by getting it all at once.
We need tax regulation in CA that all CA pensions will be taxed in CA even if the recipient is living in another state.
w said...We need tax regulation in CA that all CA pensions will be taxed in CA even if the recipient is living in another state.
Add to that eliminate the federal deduction for state taxes for folks like this...
@Cinco-X
I had not thought of that...I like it!
The angering part? His retirement is calculated as a percentage of his highest pay.
CalPERS:
"Final compensation is your highest average full-time monthly pay rate for a 1-year or 3-year period."
Ouch.
Rob Dawg said...The angering part? His retirement is calculated as a percentage of his highest pay.
CalPERS:
"Final compensation is your highest average full-time monthly pay rate for a 1-year or 3-year period."
Common in public service...your typical cop does "A LOT" of overtime in his last few years precisely because of this aspect of their retirement calculation...true for MA anyway...
The other scam:
Public employee unions and their members consider their sick pay to be part of their compensation. If they can't take it with them then they strategically call in sick. This creates the "unfortunate" consequence that unscheduled staff has to come in on overtime.
w said...The other scam: Public employee unions and their members consider their sick pay to be part of their compensation. If they can't take it with them then they strategically call in sick. This creates the "unfortunate" consequence that unscheduled staff has to come in on overtime.
Savvy...
I am old enough to remember Esther Williams movies. No matter what the plot, sooner or later it all came back to water. The strange part is that the movies seem more rational than the way California handles public union pensions.
You wanna know a neat trick? For your last year contribute nothing to CalPERS. Why? Because then the money is considered salary and counts towards your retirement benefits calculation. Winning.
Hey LLiz,
What did you think of the BofA must die writ of mandamus post here two previous?
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