A grand jury is currently considering additional charges against Rizzo for steps that he took to establish an additional pension system for 40 of Bells employees. This program, which Rizzo may benefit from, increased pension costs by 85%.
It is also that program that may resulting in his receiving an estimated $1 million per year pension.
From the Los Angeles Times:
A Los Angeles County grand jury is considering additional criminal charges against two former Bell officials alreaady accused of looting the city’s treasury as part of a scheme that left the small city on the brink of insolvency.
Attorneys for former City Administrator Robert Rizzo and his onetime assistant, Angela Spaccia, on Wednesday dismissed a warning from the grand jury as “baseless” and little more than a “dog and pony show” in a case that has drawn national attention.
“The piecemeal nature of the district attorney’s office’s investigation reveals that they are more in love with the process of announcing charges than reaching the merits of the case,” said James Spertus, who represents Rizzo.
Read the full article here.