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The City of Bell and the California Pension Crisis

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Outrageous salaries paid to former officials have brought attention not just to the City of Bell, but to neighboring cities and to the way public pensions are structured in California. Former city manager Robert Rizzo's salary was $800,000 and he might be eligible for a $600,000 pension. Former police chief Randy Adams was paid $457,000 by Bell, and his pension could amount to $411,000 a year.

Credits

Guests:
Marcia Fritz - President, California Foundation for Fiscal Responsibility, Brad Pacheco - Spokesman, CalPERS, Rick Cole - City of Santa Monica, Bill Boyarsky - LA Observed, Truthdig and Jewish Journal

Host:
Warren Olney

Producers:
Darrell Satzman, Karen Radziner