California county administrator to get $423,644 a year -- after retirement
When local California official Susan Muranishi retires from her job in a couple of years, she’s going to be walking away with a fat paycheck -- $423,664 a year – for the rest of her life.
Muranishi, an Alameda County administrator, makes $301,000 in annual base pay. But in addition to that, the San Francisco Chronicle reports she'll also receive:
Muranishi, 63, has been employed with the county for nearly 40 years.
News of Muranishi’s payout comes at a time when nearby Stockton, Calif., is trying to enter bankruptcy. On Monday, the city faced off with its creditors in U.S. Bankruptcy Court to decide the issue. Stockton is one of several California localities saying they’ve run out of money and can’t pay their creditors. Lawyers for the city announced Monday it has cut its budget and services and has no choice but to enter bankruptcy.
According to The Associated Press, one attorney mentioned “the 800-pound gorilla in the room” – whether public employees’ pensions, long thought to be legally untouchable, could be reduced via bankruptcy.
Rest of the story: California county administrator to get $423,644 a year -- after retirement | Fox News
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