Assemblyman Mike Gatto’s plans to hold a public hearing in Glendale on his proposed bill that would limit the exposure of cities to former employees’ bloated pension plans may sound like a good form of populist relief, but there is little time for that show now.
By now, most people know that former Glendale Police Chief Randy Adams’ salary more than doubled to $471,000 when he left last year for the same job in Bell. When that happened, Glendale’s obligation to his pension also skyrocketed, by an additional $40,000 a year, according to an estimate from the city manager’s office.
Glendale wasn’t the only one left on the hook. Ventura and Simi Valley, where Adams also worked, were left holding the pension bag to the tune of tens of thousands of additional dollars owed to the California Public Employees’ Retirement System, known as CalPERS.