Saturday, August 14, 2010

Jerry Brown Pension Shenanigans Outed by OC Register

The Orange County Register is to the LATimes what the Wall Street Journal & the NY Post is to the NYT---a truth teller to the state-controlled media organs co-opted by the DNC:
The [OC] Watchdog got to wondering: How much will the Democrat for Governor make in retirement?
That, as it turns out, is a very difficult question to answer. After more than a month of investigation, the Watchdog can only say for certain that Brown and a handful of other top officials are eligible for generous benefits under a special pension fund so obscure that few people in government know how it works and many thought it had been eliminated 20 years ago by outraged voters.
Under the law, Brown should have accrued, at most, 16 years of service credit in this special fund, known as the Legislators’ Retirement System, or LRS. Actuarial statements produced by LRS, however, indicate that an unnamed person of Brown’s age and earning Brown’s exact salary has been credited with 25 to 29 years of service. The difference would mean tens of thousands of dollars in additional pension payments for Brown each year.
Brown’s campaign staff acknowledge the unnamed person sure looks like the gubernatorial candidate but have been unable to explain the discrepancy over service.
Officials at the California Public Employees’ Retirement System, which manages LRS, have similarly refused to cooperate, saying the law forbids them from answering questions about specific individuals. Meanwhile, The Watchdog has sought help from the offices of seven state lawmakers, one constitutional officer and one state department as well three outside pension experts and not one has been able to explain the discrepancy.

Hmm.... I hope Meg Whitman outs this petty functionary getting rich off a bankrupt state CALPERS system that Bill Clinton and others have used as a political weapon.
UPDATE Jerry Brown is a former Jesuit novice and I met him at the Westwood Eugene McCarthy HQ near UCLA during the '68 Cal Primary campaign---long before he became a byword for mystical brainfog hiding crooked pension schemes tp make himself and his progeny wealthy. Read the link about this righteous dude's indignation over pension benefits for a tiny town named Bell, CA.

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