Wednesday, May 18, 2011

Public hospital official got nearly $1 million in severance on top of $3.9-million retirement payout

The L.A. Times reports:
A Salinas public hospital district, already under fire for granting its outgoing chief executive $3.9 million in retirement payments, also doled out nearly $1 million to the executive as part of an unusual severance agreement, according to records obtained by The Times.

The payment fattened what was already considered one of the more generous public pensions ever given in California. Its disclosure prompted the state Assembly earlier this month to order an audit of the hospital district's finances.
The "public sector".