Marcia Fritz, who heads the California Foundation for Fiscal Responsibility stated that at age 62, when Rizzo could have begun receiving Social Security payments, his annual pension and benefits would have risen to $976,771, topping $1 million two years later.
Marcia Fritz, who heads the California Foundation for Fiscal Responsibility stated that Rizzo could have drawn $884,692 in his first year of retirement. At age 62, when Rizzo could have also begun receiving Social Security payments, his annual pension would have risen to $976,771, topping $1 million two years later.