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Secret Robert Rizzo Pension Fund Contained $4.5 Million

LOS ANGELES — A former public official accused of orchestrating a scam that nearly bankrupted a working-class Los Angeles suburb set up a secret pension fund containing $4.5 million to skirt retirement limits for California public employees…

LOS ANGELES — A former public official accused of orchestrating a scam that nearly bankrupted a working-class Los Angeles suburb set up a secret pension fund containing $4.5 million to skirt retirement limits for California public employees, according to a newspaper report Monday.

Grand jury transcripts reviewed by the Los Angeles Times revealed that ousted Bell city manager Robert Rizzo and his former assistant, Angela Spaccia, set up two pension plans to inflate the already generous compensation paid to city employees.

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