Report: Ex-Bell City Manager Robert Rizzo To Keep Retirement Account, Pension Fund
BELL (CBSLA.com) — Robert Rizzo, the former city manager for Bell, will likely have plenty of money when he gets out of jail, according to a published report.
The Los Angeles Times reports that he will be able to keep his retirement fund and a pension of more than $116,000 a year as city officials are legally prevented from going after those funds.
The newspaper reports that his retirement fund “once held more than $1 million.”
Last month, Rizzo pleaded no contest to 69 counts of corruption associated with granting himself a huge salary and generous benefits.
As part of the plea bargain, Rizzo agreed to testify against Angela Spaccia, the former assistant city manager for Bell.
Rizzo’s sentencing hearing has been scheduled for March.
He faces 10 to 12 years in state prison although analysts say he will likely only serve half that time.