Monday, April 25, 2011

Bell seeks $4.5 million in former officials' pensions to ease city's budget problems

Grand jury transcripts reveal funds that were placed in secret plan for former Bell City Administrator Robert Rizzo and chief deputy, Angela Spaccia.

A special pension fund set up by former Bell City Administrator Robert Rizzo and his top aide to boost the already generous compensation paid to city employees contains $4.5 million, according to grand jury transcripts obtained by The Times, providing a potential lifeline to a city on the brink of insolvency.


Source: http://feeds.latimes.com/~r/latimes/news/~3/_Xst4XXMKeo/la-me-0426-bell-grand-jury-20110426,0,5002452.story

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