News Headlines Article

Salinas hospital district discloses more executive pensions
Los Angeles Times

A Salinas public hospital that awarded one of the largest public pensions in state history to its former chief executive announced Monday that it would give lucrative retirement packages to four other top officials.

Two outgoing executives at the Salinas Valley Memorial Healthcare System, Chief Financial Officer John Fletcher and Chief Operating Office Bev Ranzenberger, will receive supplemental retirement payments of more than $1 million in addition to their regular pensions of roughly $100,000 a year, according to estimates released by the hospital.