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Former Bell administrators Rizzo, Spaccia have retirement funds cut further by state

Former Bell City Manager Robert Rizzo in court on February 28, 2012.

June 18, 2012 12:00:00 AM PDT
Former Bell administrators Robert Rizzo and Angela Spaccia have had their retirement benefits reduced further by the state retirement system.

Former Bell City Manager Robert Rizzo and former assistant chief administrative officer Angela Spaccia each purchased five years' worth of additional pension credit, as is allowable by law for state workers.

Rizzo's and Spaccia's additional credit was paid for by the city of Bell. Payment from the city is not allowed by state law.

Bell was rocked with scandal after Rizzo was charged with fraud and misappropriation of public funds. Spaccia and six former council members are also charged in the Bell scandal. Rizzo allegedly orchestrated a scheme to loot more than $6 million from Bell's city treasury.

He has pleaded not guilty.

Rizzo and Spaccia were notified by California Public Employees' Retirement System (CalPERS) of the reduction in pension on June 6. Their pensions had already been reduced as a result of the scandal and ensuing investigation.

Rizzo has seen his anticipated pension drop from more than $650,000 per year to about $50,000 per year. Spaccia's pension has dropped from $250,000 per year to about $34,000 per year.

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