Item 6E Staff Report re SBCERS Investment Losses.pdf This report deals with the SBCAG dealing with having to choose from one of four alternatives on how to deal with future Santa Barbara County obligations to the SBCERS pension fund. These obligations can be as much as 1 BILLION dollars in future unfunded liability depending on what accounting interpretation you read.
Board_Letter_Memorandum_of_Understanding.pdf This letter written at the exact same time frame deals in a very loose fashion with the cost of the Golden Handshake to the Santa Barbara District Attorneys office and the "Magic" savings it provides the County.
If you are viewing this posting @ www.santabarbaracriminalcourtcorruption.blogspot.com
you can go to my other blog where I have parked both this files on line for your review @
http://www.countyofsb.org/uploadedFiles/sbcers/SBCERS%20CAFR%202010.pdf this file shows the exact cost of the above move made over two years ago, these cost have never been made public until I shared them.
“The County of Santa Barbara granted a Retirement Incentive Program that offered two years’ additional service credit (commonly referred to as Golden Handshakes) to 119 employees over the age of sixty or in Deputy District Attorney classifications and who retired by specified dates. The total cost of $6,854,011, as determined by Milliman, the System’s actuary, was paid by the County to SBCERS.”
All I can ask is that you simply look at the two attached files, the date on them and the material in them you too can see they were working in opposite direction.
A few month back one of my supporters had asked that I removed them from my email list. I explained that my work on the budget as well as the corruption was just as important in there County as it was mine. They have stayed with me and we are getting closer to helping each other in all County's. Money or lack of is why all of our special interest (education, mental health, drug abuse) are under funded by our elected county officials. Lets hold them accountable and see what happens. Below is an old posting in which I challenge the District Attorneys office on several matters including why there felony records which seem fictional at best. I also have questions on several budget matters including Josh Lynn labeling the County early retirement offer a "GOLDEN PARACHUTE".
WE MUST HOLD EVERYONE ACCOUNTABLE INCLUDING OURSELVES!
All I can ask is that if you enjoyed this posting please share it with as many people as possible.
Larry "Magic" Mendoza
Which brings up the retire/rehire issue like with Santa Barbara District Attorney Senior prosecutor Vicki Johnson. This highly unethical move that continues to violate the peoples trust does not surprise me from Vicki. You she I can call her by her first name since she filed a felony charge against me for what was nothing more than an alleged disturbing the piece call. Vicki it does not pay to try an abuse me just ask your colleges Mary Barron and Greg Boller, shame shame shame people. I'm kicking your ass and there is NOTHING LEGAL YOU CAN DO ABOUT IT. Now maybe you can get me beaten again and rushed to the hospital which should be easier this time around. You see I have been off work and trying to get what ever is going on with my health diagnosed now for 9 months. Well i will save that for another posting but I'm here for you guys.
DA’s Office Set to Lose Decades of Experience
Thursday, October 15, 2009
it will be losing decades of experience when five senior deputy district attorneys step down.
The office’s two longest tenants, Gerald Franklin and Darryl Perlin, have both decided to retire, Including Vicki Johnson
Google retire/rehire and you will see many States are having issues with this abusive practice.