Report: Irvine Floats Proposal to Pay Retired Great Park Official $332,282 in Yearly Pay and Pension
That would be on top of the $133,882 yearly pension Kurt Mowery receives from the California Public Employees' Retirement System.
Saavedra writes (emphasis his):
Overall, Mowery would get $332,282 a year in retirement and pay--more than his total compensation of $209,761 during his last year as an Irvine employee. Mowery is one of the latest entries to the controversial world of double-dipping--a practice that has increasingly come under fire as generous government pensions encourage employees to retire earlier, while continuing to work.
As the Great Park Board of Directors--which, as Saavedra put it, is essentially "the Irvine City Council plus four" (and whose major decisions the council must go back and approve anyway)--searches for a new financial chief, it will be Mowery's job to fill that roles, assist CEO Michael Ellzey and then help train the successor.
Speaking of Ellzey, he reportedly tells the Reg reporter no actual contract with Mowery has been negotiated and he just set the $198,400 figure there as a place-holder.