Plunder

Yahoo news:

BELL, Calif. – Three administrators whose huge salaries sparked outrage in this small blue-collar suburb of Los Angeles have agreed to resign, the City Council said Friday.
Council members emerged from an hours-long closed session at midnight Friday and announced that they'd accepted the resignations of Chief Administrative Officer Robert Rizzo, Assistant City Manager Angela Spaccia and Police Chief Randy Adams.

Rizzo was the highest paid at $787,637 a year — nearly twice the pay of President Barack Obama — for overseeing one of the poorest towns in Los Angeles County.
Spaccia makes $376,288 a year and Adams earns $457,000, 50 percent more than Los Angeles Police Chief Charlie Beck.

The three will not receive severance packages, the Los Angeles Times reported Friday. Rizzo will step down at the end of August and Spaccia will leave at the end of September. Adams will also leave at the end of August, after completing an evaluation of the police department, the Times said.

"I'm happy that they resigned but I'm disappointed at the pension that they're going to receive," said Ali Saleh, a member of the Bell Association to Stop the Abuse or BASTA.
Rizzo would be entitled to a state pension of more than $650,000 a year for life, according to calculations made by the Times. That would make Rizzo, 56, the highest-paid retiree in the state pension system.

Adams could get more than $411,000 a year.
Spaccia, 51, could be eligible for as much as $250,000 a year when she reaches 55, though the figure is less precise than for the other two officials, the Times said.

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