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Author: CCinOC Big funky green star, 20000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 748981  
Subject: Why CA is financially terminal Date: 3/25/2013 4:35 PM
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http://blog.sfgate.com/matierandross/2013/03/25/alameda-coun...

Alameda County supervisors have really taken to heart the adage that government should run like a business by rewarding County Administrator Susan Muranishi with the Wall Street-like wage of $423,664 a year.

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.
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