Pension Watch found this report in my local paper. Highlights:
"One retired Fresno city fire captain receives an annual pension of more than $190,000 -- more than twice a typical captain's salary. Another receives nearly $180,000 a year.
Altogether, 72 of 865 former police or fire employees had annual pensions above $100,000 in 2009. Only five of 1,402 nonpublic-safety retirees reached that level.
The pension numbers, provided by the city in response to a state Public Records Act request by The Bee, highlight a sensitive problem: Politically powerful public safety employees received more than half of pension payouts this year. This is only the city, the county is in worse shape. As I reported earlier, Fresno County is going to increase pension payments by 25%.
The pension tsunami is accelerating, and counties in California municipalities must capitulate and default to correct the problem.
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