Reg: Pension Bosses Spent Big Bucks For Secrecy
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That's according to investigative reporter Tony Saavedra, who spent a year fighting the Orange County Employee Retirement System for the information.
Union officials maintain two claims:
--that the public has no legal right to know how much former government employees make in retirement pensions and benefits;
--and that there's nothing embarrassing for former rank and file employees in the data.
Judges throughout California, including here in Orange County, have ruled that the union position is bunk. Saavadra got his records and found startling facts, including:
--just four percent of county pensioners (most former executives and cops) grabbed 13 percent--or $60 million--of total annual benefits in 2009;
--about 500 OC retirees, including sheriff-turned-convicted-felon Mike Carona, collect six-figure pensions.
You can read Saavadra's report HERE.
(*This post originally misidentified the retirement system with the employee's union.)
--R. Scott Moxley / OC Weekly
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