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Three of the five former City employees charged by the Securities and Exchange Commission (SEC) with issuing false and misleading financial statements in bond offerings are now receiving juicy pensions from the City, according to City Attorney Mike Aguirre, who requested the information from the San Diego City Employees' Retirement System (SDCERS). Patricia Frazier, former deputy city manager with 35.80 years of service, is enjoying pension benefits of $13,685.66 a month. Former Auditor & Comptroller Ed Ryan, with 24.26 years of service, is taking in $10,165.62 a month. Former City Manager Michael Uberuaga, with 10.4 years of service, is taking home $5,053.77 a month. Former City Treasurer Mary Vattimo and former Comptroller Terri Webster are not old enough to retire, but are deferred members of SDCERS. Last week, Aguirre recommended that city council not pay the legal defense fees of four of the five defendants of the SEC fraud complaint.
Three of the five former City employees charged by the Securities and Exchange Commission (SEC) with issuing false and misleading financial statements in bond offerings are now receiving juicy pensions from the City, according to City Attorney Mike Aguirre, who requested the information from the San Diego City Employees' Retirement System (SDCERS). Patricia Frazier, former deputy city manager with 35.80 years of service, is enjoying pension benefits of $13,685.66 a month. Former Auditor & Comptroller Ed Ryan, with 24.26 years of service, is taking in $10,165.62 a month. Former City Manager Michael Uberuaga, with 10.4 years of service, is taking home $5,053.77 a month. Former City Treasurer Mary Vattimo and former Comptroller Terri Webster are not old enough to retire, but are deferred members of SDCERS. Last week, Aguirre recommended that city council not pay the legal defense fees of four of the five defendants of the SEC fraud complaint.