Bell officials won't receive massive pensions

BELL, Calif. According to the Los Angeles Times, officials like former city manager /*Robert Rizzo*/ will only get a fraction of the pension money they expected, because the city can't document a series of pay raises.

Before the audit by CalPERS, Rizzo was in line to collect $600,000 to $1 million per year.

Now though, he's expected to get less than $100,000 a year.

Rizzo is one of eight former and current city leaders charged with misappropriating more than $5.5 million from the city treasury.

The Justice Department is investigating potential civil rights and voting rights violations by the city, and the state controller, the U.S.

The /*Securities and Exchange Commission*/ and the State Department of Corporations also are investigating Bell's finances.

City News Service contributed to this report.

Copyright © 2021 KABC-TV. All Rights Reserved.