Fullerton’s $100,000 Pension Club Increases Girth by 41%

Here’s a republication of a post from early November. It details the extravagant pension payouts bestowed upon Fullerton employees. Of particular note are the number of rank and file cops and firemen on the list. How did they get there? Courtesy of enormous salaries and of course the disastrous 3@50 formula approved by Council barnacles Bankhead and Jones. That single decision created a massive unfunded actuarial liability that is the legal responsibility of every citizen of Fullerton.

And there’s Pat McPension, the architect of the FPD Culture of Corruption, who makes $121K off of us each year for doing nothing.

This list will no doubt receive a lot of attention during the recall campaign

- Joe Sipowicz

Originally published November 4, 2011

Another year has passed and another set of City of Fullerton retirees have added to the growing unfunded pension liability that will plague us for generations. In fact, membership has swelled by a startling 41% this year alone.

The most notable new member is retired City Manager Chris Meyer, who has plopped himself in the second spot with a $170,984.52 per year reward for all the time he spent carefully overlooking the mismanagement of the Fullerton PD and the vast expansion of the city’s pension debt.

Meyer was spotted at yesterday’s anti-recall fundraiser, too. That’s no surprise to us, since Bankhead and Jones did attempt a retroactive pension spike in 2008 that would have sent Meyer’s own pension into orbit just a few years before his exit.

Source: CFFR Pension Database