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TMFBro (< 20)

Want a $500,000 annual pension? Be this guy



June 14, 2010 – Comments (0)

Some funny folks have created a website that lists the names of all the retired California government workers who receive six-figure pensions. 

At the top of the list is Bruce Malkenhorst, who was employed by the town of Vernon (yeah, I never heard of it either) and receives $509,664 each year!!! I'm not one for multiple exclamation marks, but that fact deserves at least three. Plus, it gets bigger every year!!!!!

Naturally, I had to Google this fellow, and found an informative Forbes article:

"Only 92 people live in Vernon. There are no parks, schools, libraries, health clinics or grocery stores. The only four restaurants close by 4 p.m. By sundown the 44,000 workers who commute here have all fled the stench.... Vernon is run by two families: the Malburgs and the Malkenhorsts, neither of which agreed to be interviewed. The bespectacled Leonis C. Malburg, 77, whose grandfather founded Vernon in 1905, has been mayor for 33 years. Bruce Malkenhorst, 71, was for 32 years the city administrator as well as clerk, finance director, treasurer, redevelopment agency secretary and chief executive of the utility Vernon Light & Power. The city was reportedly paying him $600,000 a year, more than twice what L.A.’s mayor earns, until he resigned all posts unexpectedly and without public announcement in 2005. By most accounts Malkenhorst still pulls the strings. His appointed successor is his 42-year-old son, Bruce Jr." 

Since that article was written, Malkenhorst has been indicted for misappropriation of funds. But from what I can tell, the case hasn't come to trial yet. And he's still receiving his pension. 

All I can say is, !!!!!!!!!!!!!!!!!!!!!!!


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