UPDATE: Disgraced Robert Rizzo Set To Become Highest Paid Retiree In California Public Pension System
Riding the public gravy train to perfection -- Rizzo gamed the system and won. Big Time. Just wait until you read how big. Another reason not to approve a bailout for bloated, mismanaged states.
- Meet California Public Employee Robert Rizzo: News of His $800,000 Salary (And 12% Annual Raises) in City of 38,000 Causes Riot >>
(Videos are below)
Council members announced around midnight Friday that they'd accepted the resignations of Chief Administrative Officer Robert Rizzo, Assistant City Manager Angela Spaccia and Police Chief Randy Adams.
The City Council has scheduled another emergency meeting for Monday evening.
Rizzo was the highest paid of the three at $787,637 per year, nearly twice the pay of President Barack Obama.
Spaccia makes $376,288 a year, and Adams earns an annual salary of $457,000 -- 50 percent more than that of Los Angeles Police Chief Charlie Beck.
Rizzo and Adams will step down at the end of August, while Spaccia will leave at the end of September.
"I'm happy that they resigned, but I'm disappointed at the pension that they're going to receive," said Ali Saleh, a member of BASTA.
Rizzo, Adams and Spaccia will not receive severance packages, according to the Los Angeles Times.
Still, Rizzo would be entitled to a state pension of more than $650,000 per year for life, the Times said. That would make him the highest-paid retiree in the state pension system.
At age 62, when Rizzo could also begin receiving Social Security payments, his annual pension would rise to $976,771, topping $1 million two years later.
If he lives to age 83, his annual payout would rise to $1.48 million.
Adams could get more than $411,000 per year, and Spaccia, who is 51-year-old, could get as much as $250,000 a year when she reaches 55.ents Hussein Saleh, left, and Eddie Delgado call for the ouster of city officials during a special meeting of the Bell City Council, Thursday, July 22, 2010.
And by the way, Rizzo was also a menace to the community:
Rizzo was arrested in March on suspicion of drunk driving when he crashed into a neighbor's mailbox and then pulled into a nearby alley, police said.
His blood-alcohol level was measured at 0.28% — more than three times the legal limit, police said.
The resignations came as Attorney General Jerry Brown announced that his office and CalPERS would investigate the sky-high salaries.
Brown said the nearly $800,000-a-year salary of Rizzo and the salaries paid to Adams, Spaccia and City Council "morally borders on a gift of public funds."
"These outrageous salaries in Bell are shocking and beyond belief," Brown said.
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