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  • From: Bill Jones <billj AT harborside.com>
  • To: Homestead mailing list digest <homestead AT lists.ibiblio.org>
  • Subject: [Homestead] Another Golden Parachute Courtesy of Taxpayers
  • Date: Fri, 05 Nov 2004 19:34:49 -0800

This is the story of Armando Ruiz, who will now receive ten times the pension as he normally would from his position as California community college trustee, a job that only pays a minor stipend of $5000 a year. The full story can be found at the Orange County Register website.

"The Register on Thursday reported on the case of Coast Community College trustee Armando Ruiz who, through a legal loophole, is allowed to spike his pension tenfold if he retires from two different agencies on the same day. He set his official retirement date as Oct. 31 from his job with Irvine Valley College and the South Orange County Community College District. When asked at a public meeting if he would take advantage of the loophole and retire as a Coast trustee on the same date, he replied: 'None of your business.' "

http://passport.ocregister.com/register/common/intercept.jsp?duri=http%3a%2f%2fwww%2eocregister%2ecom%2focr%2f2004%2f09%2f20%2fsections%2fcommentary%2farticle%5f244722%2ephp

Bill
S. Oregon coast




  • [Homestead] Another Golden Parachute Courtesy of Taxpayers, Bill Jones, 11/05/2004

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