Tuesday, December 28, 2010

6 retired educators in San Diego county are paid more than U.S. education secretary

The San Diego Union Tribune reports:
The state teacher’s pension system faces a $40.5 billion shortfall over the next 34 years, in part because it owes payments for life to people such as Rudy Castruita, the retired superintendent of the San Diego County Office of Education.

Castruita receives the region’s top educator pension of $281,034 a year, or 107 percent of his final salary. That pay in retirement exceeds U.S. Education Secretary Arne Duncan’s 2009 base salary of $196,700. Castruita, a 1992 state superintendent of the year, did not return several calls.
Just a reminder, when California asks for a federal bailout.