FOXNews.com: Alameda County administrator to get $423,644 a year after retirement

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Alameda County administrator to get $423,644 a year after retirement Mar 26th 2013, 13:36 Published March 26, 2013 FoxNews.com When Alameda County administrator Susan Muranishi retires from her job in a couple years, she's going to be walking away with fat paycheck -- $423,664 a year – for the rest of her life. In addition to her $301,000 annual base pay, Muranishi will get $24,000 in "equity pay" to make sure she makes at least 10 percent or more than anyone else in the county, an annual performance bonus of $24,000, another $9,000 a year for serving on the county's three-member Surplus Property Authority and $54,000 a year in "longevity" pay for having stayed with the county for more than 30 years. Like other county executives, she'll also get an $8,292-a-year car allowance too. Muranishi, 63, has been employed with the county for nearly 40 years. News of Muranishi's payout comes at a time when nearby Stockton, Calif., is trying to enter bankruptcy. On Monday, the city faced off with its creditors in U.S. Bankruptcy Court to decide the issue. Stockton is one of several California localities which say they've run out of money and can't pay their creditors. Lawyers for the city announced Monday it has cut its budget and services and has no choice but entering bankruptcy.   According to The Associated Press, one attorney mentioned "the 800-pound gorilla in the room" – whether public employees' pensions, long thought to be legally untouchable, could be reduced via bankruptcy. Click for more from the San Francisco Chronicle.  The Associated Press contributed to this report.

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