Two former administrators in the city of Vernon who received lavish compensation will have their retirement benefits slashed in what state pension officials described as the largest public pension reduction in state history.
Friday, June 1, 2012
State pension agency slashes benefits for former Vernon officials
California pension officials will reduce the benefits of former Vernon leaders, one of whom receives $545,000 a year, after an audit found improper enhancements.
Two former administrators in the city of Vernon who received lavish compensation will have their retirement benefits slashed in what state pension officials described as the largest public pension reduction in state history.
Two former administrators in the city of Vernon who received lavish compensation will have their retirement benefits slashed in what state pension officials described as the largest public pension reduction in state history.
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