California pension officials will reduce the benefits of former Vernon leaders, one of whom receives $545,000 a year, after an audit found improper enhancements.Two former administrators in the city of Vernon who received lavish compensation will have their retirement benefits slashed in what state pension officials described as the largest public pension reduction in state history.
State Pension Agency Slashes Benefits For Former Vernon Officials
By Sam Allen, Los Angeles Times, Los Angeles Times
Thu, 05/31/2012 - 8:55pm
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