Alameda County rewards boss: $400k…for life
Original post made by Arnold on Mar 25, 2013
For the rest of her life.
According to county pay records, in addition to her $301,000 base salary, Muranishi receives:
$24,000, plus change, in "equity pay'' to guarantee that she makes at least 10 percent more than anyone else in the county.
About $54,000 a year in "longevity" pay for having stayed with the county for more than 30 years.
An annual performance bonus of $24,000.
And another $9,000 a year for serving on the county's three-member Surplus Property Authority, an ad hoc committee of the Board of Supervisors that oversees the sale of excess land.
Like other county executives, Muranishi also gets an $8,292-a-year car allowance.
Muranishi has been with the county for 38 years, and she's 63. When retirement day comes, she'll be getting a lot more than a gold watch.
That's because, according to the county auditor's office, Muranishi's annual pension will be equal to the dollar total of her entire yearly package $413,000. She also has a separate executive private pension plan, for which the county chips in $46,500 a year."
So for thirty years of service at exceptional pay we'll be paying this woman full salary + a 2% annual pension increase for probably 20 years of retirement, or $614,000 in year 20, or 9 million for not working - plus free medical.
"Like other county executives, Muranishi also gets an $8,292-a-year car allowance."
- I guess that means, since the car allowance for all county executuves are included in the pension calculation, that she receives, like the rest of them, a car allowance for life.
If this offends anyone I can assure you it is only the tip of the iceburg.
This article was originally posted by Matier and Ross, in the SF Chronicle: Web Link
To the PW staff, nothing wrong with leaving this topic up for view. Why did you remove the original posting (by someone other than me)?
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