OPINION: Sweet pensions, secrecy laws: L.A. has its own ugly swamp that needs draining, but where’s the leadership?
By way of the Deferred Retirement Option Plan (DROP), LAPD Chief Michel Moore was able to walk away with $1.27 million payout, but rather than truly retiring, he was rehired with a $300,000 salary on top of his $240,000 annual pension. Steve Lopez, of the LA Times, writes that while this may be an extreme case of a public employee abusing DROP, it is not the only one. Cops and firefighters in the program were more than twice as likely to miss work for injuries, illness or leaves, but still collect pay and DROP benefits, with those taking disability leave missing a collective 2.4 million hours while raking in $240 million for time off.
Click here to read the full article in the Los Angeles Times.