Quincey's pension is a worry
UPLAND - City Manager Robb Quincey will become one of Upland's highest paid retirees once he starts drawing a pension.
Quincey is still employed with the city and his actual pension amount will remain unknown until he officially retires from the public sector. But some early estimates show the city paying out as much in pension for Quincey as for some of its long-serving retirees.
Quincey was hired in 2005 and has been on paid leave of absence since Jan. 4.
For the six years Quincey has worked for Upland, the city could be on the hook for $127,000 to $138,799 annually should he begin drawing a pension at age 55, according to estimates from City Hall and from Marcia Fritz, a certified public accountant. Fritz is president of the California Foundation for Fiscal Responsibility, a nonprofit watchdog organization focused on California public employee retirement benefit issues.
If Quincey begins to draw a pension now, at age 51, it would be about 16 percent less, Fritz said.
Read more: http://www.dailybulletin.com/ci_17811851
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