Topic: Pension Spiking

1 chapters across the catalog

Just Hiking
Episode 237 1:30:05 - 1:34:06

237: Just Hiking

Bell California Corruption Scandal and Salary Loopholes

The mayor and seven officials of Bell, California, were arrested for misappropriating tax funds. Former city manager Robert Rizzo reportedly made $800,000 a year. The hosts explain the "pension spiking" loophole in California law, where officials inflate their final year's salary to secure massive lifetime retirement benefits paid for by other municipalities.