Read the full story here Web Link posted Wednesday, January 12, 2011, 4:08 PM
Town Square
Council names interim city manager
Original post made on Jan 13, 2011
Read the full story here Web Link posted Wednesday, January 12, 2011, 4:08 PM
Comments (5)
a resident of Old Mountain View
on Jan 13, 2011 at 1:16 pm
Salary? There is much more to this story.
Will her increased salary as interim city manager be factored as her highest salary upon retirement at, say, age 55? Say she goes back to her old position after six months, and runs out her career there. Will her retirement salary reflect her salary while interim city manager for six months? Who wants to bet me it will? That's right. Wink, wink, nod, nod, you just won the lottery at the taxpayers' expense. I'd be smiling too. The pay-off for being a 'loyal' civil servant.
I say boost her salary to city manager level for the time she serves and give her a one-time bonus for, neither of which count toward retirement. Who's going to tell me that's not how it works? Any notice a trend around here?
Look the Chief of PD who got a boost for serving as interim FD Chief. It's counted as his highest salary and all wrapped into a huge retirement payoff.
The taxpayer is screwed again.
a resident of Old Mountain View
on Jan 13, 2011 at 5:07 pm
She is worth every penny. I am hoping to attend more meetings.
a resident of Old Mountain View
on Jan 14, 2011 at 7:02 am
Ned:
The council has an opportunity to set the conditions of her interim salary vis-a-vis her future retirement package NOW, before she takes the helm in April.
a resident of another community
on Jan 18, 2011 at 8:18 am
Ned - Read up on how CalPERS retirements work. How the heck could her salary at age 41 be factored in to her retirement formula at age 55, 14 years later? You obviously don't know what you are talking about.
a resident of Waverly Park
on Jan 18, 2011 at 10:24 am
You're both partially wrong and and partially right. There are many unknowns for the taxpayer, and that's exactly who the powers would like it to be. That's how it's been played all along, loop-holes, clauses, negotiated deals, corruption, etc.
Final Compensation
This is your highest average full-time pay rate for a consecutive 1-year or 3-year period. School members use a 1-year period. State members use a 1-year or 3-year period depending on their bargaining unit and membership date. For local public agency members, your final compensation is determined by your employer's contract with CalPERS. To verify your final compensation period, contact your Personnel Office.
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