Tag Archives: $100K Pension Club

Welcome to the City of El Segundo $100K+ CalPERS Pension Club!

by Michael D. Robbins
Director, Public Safety Project, PublicSafetyProject.org

March 25, 2014

Below is a list of City of El Segundo, California employees who retired with California Public Employees’ Retirement System (CalPERS) pensions paying them $100,000 or more per year. The highest annual pension for El Segundo is $198,272.04. El Segundo is a small City with about 5.5 square miles of land area and about 16,849 residents in 2012.

CalPERS pensions are Defined Benefit Plans that guarantee retirees their full pension payments, regardless of how much was paid into the pension fund and regardless of the performance of the pension plan’s investment portfolio, with taxpayers obligated to make up the difference. In contrast, 401(k) plans, which are common in the private sector, are Defined Contribution Plans, where the benefits paid out to retirees depends on how much was paid into the retirement plan, and on the performance of the investment funds the employees individually selected from the available choices.

The CalPERS pensions are so high because the City employee salaries are so high, especially for the firefighter and police employees, and because the City provides the employees with the maximum allowable pension formula. The annual pension income from firefighter and police CalPERS pensions is 3% of the single highest year salary for each year they worked, up to a maximum of 90%, with retirement at age 50 or 55. Upon retirement, firefighters and police live just as long as miscellaneous (non-safety) employees – about age 83 for the men and 85 for the women – and the life expectancy keeps increasing over time with medical advances.

Thus, the taxpayers end up paying for at least two fire and police departments – the ones doing the work, and the ones enjoying long lavish retirements while receiving multi-million dollar pensions.

The salary upon which CalPERS pensions are based includes all those “Special Compensation” add-ons in the union contracts, that average an additional 33% on top of base salary for El Segundo police and firefighters. “Special Compensation” is paid even for things that are already existing job requirements or are unrelated to the job, including wearing a uniform and having a driver license.

For example, fire engineers (second-level firefighters) whose job description includes driving the fire engine are paid additional “Special Compensation” under their union contract to have a driver license to drive the fire engine. All “Special Compensation” increases the salary counted towards the pension payout and the pension cost to the City’s taxpayers.

The elected City Council controls pension costs in three significant ways: (1) Amounts of employee salaries, which are increased by pay raises and “Special Compensation”; (2) Percentage of total pension contributions employees are required to pay; and (3) Pension plan options the City provides.

Firefighter and police pensions pay 3% of their single highest year salary for each year worked, up to 90%. El Segundo Mayor Bill Fisher supported firefighter and police pay raises of 11.25% to 32.3% over three years, plus additional 5% annual “Step” raises, approved 4/7/09 and 12/2/08, jacking up pension costs.

The El Segundo City Council can save more than $3.3 million yearly by requiring City employees to pay half their total pension contributions, as allowed under state law effective 1/1/13. The City now pays 71% to 94% of total pension contributions.

The City Council can save several million more yearly by eliminating automatic additional 5% annual “Step” raises, and “Special Compensation” for things that are existing job requirements or are unrelated to the job.

These savings must be negotiated with the City unions later this year, after the April 8, 2014 election. Measure A is on the ballot for that election. Measure A bundles ELEVEN TAX HIKES in one ballot measure. The Measure A tax windfall will weaken the City Council’s bargaining position and preclude these savings. … Continue reading

Posted in California, El Segundo, El Segundo Election Coverage, El Segundo News, El Segundo Tax and Fee Increases, Elections, Firefighter and Police Union Compensation and Pensions, Government Employee Compensation and Pensions, Measure A - 5 New Taxes and 6 Tax Inceases, Politics, Tax Policy and Issues | Tagged , , , , , , , , , , , , , , , , , | Comments Off on Welcome to the City of El Segundo $100K+ CalPERS Pension Club!

April 8, 2014 El Segundo General Municipal Election News and Information

Last updated: Friday, May 9, 2014 at 01:45 AM PT.

This page will be updated regularly with links to informative articles about the upcoming April 8, 2014 El Segundo General Municipal Election.

Bookmark this page and review it often for breaking news and information.

(Posts are in priority order, not chronological order; newer posts appear in bold text.)


April 8, 2014 El Segundo General Municipal Election

Ballot Argument and Rebuttal Against El Segundo Measure A Tax Hikes

City of El Segundo 2014 Measure A Tax Hikes – City Attorney’s Impartial Analysis


Recapping the Election – Letter to The Beach Reporter by Michael Robbins

El Segundo Flyer #1: Vote “NO” on Measure A – Eleven Tax Hikes in One Measure!

El Segundo Flyer #3 – Vote “NO” on Measure A, and Against BILL FISHER!

Backup Documents, Photos, and Information for Statements in Recent Flyers Distributed on April 5, 2014

El Segundo City Employee Unions Contributed $17,500 to Measure A Tax Hikes Thus Far

Have the Measure A Supporters Earned Our Trust?

City of El Segundo Can Save $3.3 Million Per Year in Employee Pension Costs

Welcome to the City of El Segundo $100K+ CalPERS Pension Club!

El Segundo Herald Misreports City’s $6.3 Million Property Tax Revenue as $1 Million

El Segundo Firefighters’ Union is Bankrolling the Measure A Campaign to Hike Taxes

El Segundo Measure A Co-Chair Joe Harding was Against the Tax Hikes Before He was For Them

Wrong Time to Raise Taxes and Fees in El Segundo

Which El Segundo City Employee was Paid Nearly $600,000 in His Last Year?

2009-2010 City of El Segundo Separations due to Budgetary Reasons Mostly Early Retirements

Eleven El Segundo Police Department Positions “Eliminated” were Actually 911 Dispatchers Transferred to the South Bay Regional Public Communications (SBRPC) Authority


LETTERS TO THE EDITOR:

April 15 Council Meeting – Letter to the El Segundo Herald by Mike Robbins

Post-election Council meeting – Letter to The Beach Reporter by Michael Robbins

Council pay procedures – Letter to The Beach Reporter by Marianne Fong

Fellhauer is a Union Puppet – Letter to the El Segundo Herald by Marianne Fong

Can We Save Mayberry? – Letter to the El Segundo Herald by Marc Rener

Recapping the Election – Letter to The Beach Reporter by Michael Robbins

Fire Union Bankrolling “Yes on A” Campaign – Letter to the El Segundo Herald by Marianne Fong

No on Measure A – Letter to The Beach Reporter by Michael Robbins

Not happy with Measure A – Letter to The Beach Reporter by Marianne Fong

No on Measure A – Letter to the El Segundo Herald by Mike Robbins

Something Fishy About Measure A – Letter to the El Segundo Herald by Marianne Fong

NO ON “A” – Letter to the El Segundo Herald by Art Lavalle

A Correction is In Order – Letter to the El Segundo Herald by Mike Robbins

No on Measure A – Letter to the El Segundo Herald by Helen Armstrong

Frustration – Letter to the El Segundo Herald by Richard J. Switz

Measure ‘A’ – Letter to the El Segundo Herald by Richard J. Switz


Continue reading

Posted in Beach Reporter Letters, California, El Segundo, El Segundo Election Coverage, El Segundo Herald Letters, El Segundo News, El Segundo Tax and Fee Increases, Elections, Firefighter and Police Union Compensation and Pensions, Firefighter Union Corruption, Government Employee Compensation and Pensions, Letters to the Editor, Measure A - 5 New Taxes and 6 Tax Inceases, Police Union Corruption, Political Corruption, Politics, Public Records, Public Records Act, Tax Policy and Issues, Union Corruption | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on April 8, 2014 El Segundo General Municipal Election News and Information