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Former Chief of Police Bernard Parks, Others Part of $100,000 Pension Club
Photo by Anya_ via Flickr
Roughly 600 city, fire and police department employees are part of the $100,000 pension club, writes Ron Kaye at OurLA.org. 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.
OurLA.org also plans to publish the DWP's $100,000 list.
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