Tuesday, March 29, 2016

California Government Worker to Retire with Yearly Pension of $501,500 for Life


The San Francisco Chronicle reports:
Alameda County’s top bureaucrat must be a hard worker because, it seems, she never takes a vacation. In return, when she retires, she’s going to be pulling down a pension that tops half a million dollars a year.

It’s not that County Administrator Susan Muranishi isn’t entitled to a day off now and then — she gets five weeks of vacation a year. But the 39-year veteran of county service has been piling it up, big time — at last check, she had nine months of unused vacation on the books.

So she sells some of it back to the county — boosting both her salary and her pension. In 2014, Muranishi received $29,914 as compensation for unused time off, and last year she unloaded $30,512 worth of vacation days she hadn’t taken.

That money helped bring Muranishi’s pay in 2015 to $501,500 — the most of any county administrator in the Bay Area.

When the 66-year-old Muranishi retires, she’ll be entitled to an annual pension equaling her highest pay level. That means if she walks away tomorrow, she will get $501,500 a year — for life.

“It’s a racket,” said former state Assemblyman Joe Nation, a Democrat from the North Bay who now teaches public policy at Stanford University.
We did warn you : class conflict is here. To pay for that $500,000 pension for that greedy government worker, middle class people in California have to pay a state income tax of 9.3% when they make $ $51,530. Will the liberal media ever ask Comrade Sanders or Hillary Clinton if it's fair for a government worker to retire on $500,000 a year? Susan sure is "expensive" for people that pay taxes.