56 y.o. Sacramento P.D. Chief to get $173,250 per yr. pension!

[cboy4]

Must be nice, considering the city is operating in the red. :eyes:

Bee Exclusive: Police chief's pension raises red flag

Nájera's recent pay increases add to his payout and may face legal review by CalPERS.


By Terri Hardy - [e-mail]
Published 12:00 am PDT Thursday, November 1, 2007

Sacramento Police Chief Albert Nájera's salary boost of more than 19.8 percent since July will raise his pension by $1,000 a month, increasing his yearly draw to $173,250 when he retires at the end of the year, according to Bee calculations.

On Wednesday, state pension officials and other pension experts raised questions about such sudden pay increases so close to retirement.

<snip>

Nájera received an 8.6 percent merit increase in July, along with some other city administrators, bringing his salary to $194,000. Then City Manager Ray Kerridge awarded him an additional 11.2 percent hike two months later for "exceptional performance," increasing his annual pay to more than $216,000.

<snip>

The city is in the midst of a sudden and unexpected financial downturn, and facing a deficit of between $45 million and $55 million in 2008-09.

http://www.sacbee.com/245/story/465373.html

[soothsayer]

1. Sweeet! if you can get it. Not like a CEO windfall, but nice.