Support for LAist comes from
We Explain L.A.
Stay Connected

Share This


Former Chief of Police Bernard Parks, Others Part of $100,000 Pension Club

Photo by Anya_ via Flickr
Stories like these are only possible with your help!
You have the power to keep local news strong for the coming months. Your financial support today keeps our reporters ready to meet the needs of our city. Thank you for investing in your community.

Roughly 600 city, fire and police department employees are part of the $100,000 pension club, writes Ron Kaye at Councilmember and former LAPD Chief Bernard Parks topping the L.A. Fire and Police Pension Fund's list at about $265,000 annually while John Driscoll, former head of LAX and City Personnel director, leads LACER's list with about $204,600.The city's pension funds will cost taxpayers $1 billion next year, with that number to double in four years. The number of retired LACERS members "will grow substantially when the 2,400 senior city workers choose to take advantage of a sweetened retirement package as part of the mayor and City Council's effort to reduce payroll costs without furloughs, layoffs or salary cuts," Kaye writes. also plans to publish the DWP's $100,000 list.