Because of some paperwork, Robert Rizzo and other indicted former Bell officials will not draw pensions based upon their inflated salaries.

When the Bell scandal originally broke and Rizzo resigned, people (myself included) were outraged that he would receive an annual pension in excess of $600,000. But that no longer looks like that will be the case.

Instead, he’ll be eligible for about $70,000 per year.

From the Los Angeles Times:

Robert Rizzo and other former Bell officials who collected huge salaries won’t get pensions to match, state retirement system officials said Friday.

Because the city could not document a series of pay increases over the years, Rizzo will be entitled to retirement benefits on a salary of only $85,200 – or about one-tenth of his last yearly pay as city administrator, according to a Public Employees Retirement System audit report.

That reduced amount, based on Rizzo’s salary for fiscal year 1992-93, will drastically slash the $600,000 to $1 million in retirement benefits he was expected to receive. The actual amount of his potential benefits is unknown, but based on CalPERS formulas it would be about $70,000 a year.

Read the full article here.