Wednesday, May 13, 2009

Former Anaheim city manager hits jackpot with pension

The Orange County Register reports:
Few have profited from California’s government retirement system as former Anaheim city manager Jim Ruth — who is one of the highest-paid retirees at $219,045 a year.

Ruth, 73, continues working, earning another $225,000 annually from another local agency.

Even he says government retirements need to be reformed.

“They’ve got to look at some way to restructure the system,” said Ruth. “When you look at the cost of that system, I don’t think we can any longer afford that.”
Wouldn't you be for tax increases if you made this kind of money?