Thursday, April 12, 2012

Does $1.5 million Per Month in Pension Liability Sound About Right for Culver City?

Neil Rubenstein

For the last 3 years, Culver City has spent on health benefits for eligible retired Councilmembers and their dependents the following:
2008 $47,385
2009 $45,455
2010 $53,020

Numerous inquiries have surfaced regarding Culver City employees and the amounts of their monthly pensions. The top ten are:
1. Cerris Black $14,732
2. Michael Thompson $13,618
3. Jerry Fulwood $11,773
4. Craig Bloor $11,035
5. Jim Davis $10,917
6. Mary Chang $10,246
7. Steve Cunningham $10,179
8. Michael Webb $10,019
9. Wallace Duval $9,915
10. Mitchell Oshinsky $9,882

At the other end, the ten smallest monthly pensions for Culver City employees are:
1. Theresa Kollios $4
2. Sarah Lowery $6
3. Hazel Spicer $12
4. Dorothy Collier $42
5. Ed Wolkowitz $56
6. Jacqueline Pachtman $57
7. Jozelle Smith $69
8. Gerrod Mack $76
9. Gary Silbiger $91
10. Edward Rose $99

Other pensioners worth noting include:

Don Rogers $9,385
Dale Jones $8,971
Mark Scott $8,858
Syd Kronenthal $8,814
Mark Ambrozich $5,413

Presently CalPers reports Culver City has over 550 retirees receiving almost $1.5 million each month. On March 21, 2012 a Public Records Request was submitted with the following questions:
1. The number of years worked
2. The departed last worked in
3. Their job position
4. Their previous twelve months of salary/wages
5. List the amounts of all non-wage benefits in their previous twelve months
6. Date of retirement

Also on March 21, 2012 another Public Records Act request was submitted which reads, “Based upon the most recent correspondence from CalPers, is our Culver City retiree accounts under-funded and if so by what amount”?

Some have suggested the City’s finances will be so bleak in the next 4 or 5 years we just might declare bankruptcy. Now I’ve been told a Chapter 9 bankruptcy will enable the city to cut retirees medical and pension benefits. We'll have to wait and see how our pension liability will impact our city's finances.

Neil Rubenstein is a former Culver City Disability Advisory Committee Member and a former LA County Commissioner.

2 comments:

  1. Here's is the web address of the latest listing of the 46 city retirees now receiving over a $100K annually from CalPREPS.

    :http://www.fixpensionsfirst.com/calpers-database/

    The latest "Top Ten"

    Name of Employee Monthly Annually

    BLACK, CERRIS K $14,731.75 $176,781.00
    EASTMAN, JEFFREy $14,968.07 $179,616.84
    DAVIES, HENRY $13,899.32 $166,791.84
    THOMPSON, MICHAEL D $13,617.97 $163,415.64
    MARTIN, GARY B $12,346.67 $148,160.04
    BURCK, WILLIAM L $12,332.86 $147,994.32
    FULWOOD, JERRY B $11,772.90 $141,274.80
    BRUCE, ROBERT A $11,513.15 $138,157.80
    SMITH, GREGORY $11,507.97 $138,095.64
    PETZING, NEIL J $11,433.89 $137,206.68

    George Laase

    ReplyDelete
  2. Who are all these people and why are they earning so much for being retired? Does anyone know?

    The median income in Culver City is $72,000, according to the 2010 census. Most of the people on this list are earning twice as much (or more) -- for NOT working! It seems to me that's there's something wrong with a City that pays its NON-working, former employees twice as much as the working families that pay the City's bills.

    ReplyDelete