Why they are broke?
Depends on who's at the top of the totem pole.
Ex-Hollywood City Manager To Get Almost $300K Severance Package
plus $9k/mo (108k/yr) when he turns 55.
July 4, 2011 10:49 AM
miami.cbslocal.com
HOLLYWOOD (CBS4) – Long-time Hollywood City Manager Cameron Benson, who was ousted over a $10 million budget shortfall, will be getting a severance package of almost $300,000.
Benson, 49, stepped down June 15th after Mayor Peter Bober called for his dismissal, according to CBS4 news partner The Miami Herald.
In his defense Benson said he took full responsibility for the day to day affairs but found it “a little unfair” to targeted for the budget crisis. To balance the financial scales, 18 city employees were laid off and all city employees were force to take pay cuts of eight to twelve percent.
Since his departure is an ‘agreed termination’, Benson is eligible for a year’s salary ($205,000) and any unused sick or vacation time ($83,000). At the age of 55, he will be eligible for a pension of $9,000 per month. |
