The number of former public employees making more than $100,000 a year in retirement from California’s largest public pension system has jumped 99% in the last two years.
The Orange County Register calculated that there are 12,199 retirees in the state who are firmly in the $100K club, those earning six-figure pensions through the California Public Employees Retirement system.
That’s up from 6,133 six-figure retirees in 1999.
At the top of the chart is Bruce V. Malkenhorst, the retired city administrator of Vernon who since his retirement has been heads and shoulders above other well-compensated retirees.
Malkenhorst now earns $530,268 a year -– or just over $44,000 a month, according to calculations released this week by California Pension Reform.
New to the club this year is Randy Adams, the former police chief in Bell who lost his job in that city’s public corruption scandal, which lead to the high-profile arrests of eight city leaders.
Adams was not among those charged, though he was named in a lawsuit filed by then-Atty. Gen. Jerry Brown, a case that has since been dropped.
Adams makes a solid $265,437 in retirement -– or a bit more than $22,000 a month. He was the police chief in Bell for about one year.
-- Steve Marble, Los Angeles Times