'Outrageous' pension double-dipping triggers criminal investigation into California cops [View all]

A California Public Employees’ Retirement System audit says three police chiefs and a police commander in a small community just outside of San Francisco defrauded the giant pension system for a decade, collecting retirement benefits while working full-time jobs.

The alleged fraud detailed by CalPERS includes two chiefs working in the Broadmoor police district after receiving disability payouts, covering-up full-time work in order to collect retirement benefits and in one of the chief’s cases, returning to active duty, then becoming an annuitant again, to enhance benefits.

CalPERS said one pensioner, identified as former Police Chief David Parenti, increased his yearly pension retirement by nearly $60,000 a year, going from $93,000 a year to $152,292 a year by coming out of retirement, working for 13-months and then retiring again.

But the pension plan said Parenti was never actually retired. He continued to draw more than $6,000 in salary per two week-pay period in addition to the pension benefits.

He also received a $100,000 disability benefit for unspecified injuries and another approximate $100,000 payment that couldn’t be explained.

Read more at: https://www.sacbee.com/news/politics-government/the-state-worker/article256758687.html