Lockyer calls for annual reports on public officials' pay
State Treasurer Bill Lockyer, who sits on the board of the California Public Employees’ Retirement System, unveiled a proposal Wednesday for the board to produce an annual public report comparing salaries of local officials throughout the state. The report would list the 100 top paid public employees.
Lockyer’s plan also calls for the staff at the California Public Employees’ Retirement System to inform the board of any excessive salary increases awarded public employees and to implement new procedures to ensure such salary hikes do not slip by the pension fund unnoticed.
The proposal will be considered by the board in the coming weeks.
“The Bell fiasco shows that when a few greedy public officials are allowed to operate outside the public view, they can turn taxpayers into their personal ATMs,” Lockyer said. “These recommendations have a simple goal: to help ensure taxpayers know how much they’re paying the folks who work for them, and how those payments affect their obligation to fund retirement benefits.”
-- Evan Halper in Sacramento