Editorial: Gov. Jerry Brown must curb big pension paydays for management – LA Daily News

But no less offensive is the case of John

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Sandbrook, the interim general manager of the Los Angeles Memorial Coliseum.

He added some 35 years of accumulated sick pay to the formula for computing his pension from an earlier job with the UC system. That gave him $655 a month extra for life, according to newspaper reports. That brought his total annual pension to $183,000. That’s not a pension – that’s a payoff.

To add insult to taxpayers’ injury, his salary was spiked by about $50,000 during the last three years he worked for UC – the period used to compute pensions.

In addition to his UC pension, Sandbrook earns $208,000 for his work at the Coliseum. That double-dipping gives him $390,000 a year on the taxpayers dime.

Ironically, Sandbrook’s new job for the Coliseum is to stop spending abuses at the stadium, which has had its share of scandals.

What Sandbrook has done is perfectly legal. It’s called pension spiking, in which raises, unused sick leave and other add-ons increase payouts by thousands of dollars for those lucky enough to get it.

via Editorial: Gov. Jerry Brown must curb big pension paydays for management – LA Daily News.

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