He may have become reviled in working-class Bell for his nearly $800,000-a-year salary, but Chief Administrative Officer Robert Rizzo could have the last laugh.
Should he be forced from his job, he would immediately gain a new title: highest-paid retiree in the state’s CalPERS retirement system.
Rizzo, 55, would be entitled to at least $600,000-a-year pension for the rest of his life, according to retirement calculations made by The Times that were reviewed by pensions experts.
For those of you not familiar with Southern California and unable to pick up the clue from the “working-class” descriptor in the first line: Bell isn’t some ultra-rich community with funds to burn, we’re talking about a steamy pile. Which may seem like an ideal fit for a maggot like Rizzo to feast on, but you still have to feel for the people of Bell, who could certainly use that money for something other than lining the pockets of a sleazebag.