More than 600 retired school and city employees in Milpitas are collecting pensions, many of them receiving more than $100,000 a year.
The retirement compensation is part of a list posted by the San Jose Mercury News and other newspapers.
Among other reforms, the legislation raises the retirement age for most new employees from 55 to 67 to receive full benefits. It also eliminates so-called "double dipping" and caps the pensions of highly paid retired workers.
In the , there are 328 retirees listed who are receiving CalPERS pensions.
At the top is retired Milpitas High School principal Charles Gary, who was earning $12,084.17 a month when he retired after working just more than 40 years in the district. Gary collects about $10,650 a month in pension, or more than $127,000 a year.
Next is Betty Pow, director of assessment and curriculum, who was earning $11,321.70 a month when she retired after working more than 37 years in the district. Pow collects about $10,297 a month in pension, or more than $123,000 a year.
There are four retirees listed who collect more than $10,000 a month, or more than $120,000 a year.
At the bottom of the list, there are three retirees listed who receive less than $100 a month.
Some employees are collecting CalPERS pension from more than one agency. Teachers also don't receive Social Security benefits.
The has 279 retirees on the list.
The retiree collecting the most is Charles R. Lawson, former city manager. He was paid $17,756.13 a month when he retired after working more than 32 years for the city. He now collects about $20,034 a month in pension, or about $240,408 annually.
Right behind is David D. Rossetto, former police commander, who earned $15,009.03 a month when he retired after working more than 30 years for the city. He now collects about $18,105 a month in pension payments, or about $217,260 annually.
There are also 27 retirees listed who are collecting at least $10,000 a month, or $120,000 a year.
On the flip side, there are 42 retirees listed who receive less than $1,000 a month.
-- Patch Staff
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