4/18/2014: Ted Sickinger has the story in the Oregonian:
Aliotti is 59 years old. If he lives another 26.5 years, as PERS’ actuarial tables predict, the state pension system will pay him about $6.6 million in retirement, plus cost of living increases.
Where will that $6.6M come from? As Sickinger explained in his earlier story below, these payouts are so high because UO pulled a scam with how it treated the Nike money that is part of the coach’s compensation. So UO and OUS didn’t pay enough into PERS for to cover these payouts, and now the rest of the money will have to come by diverting payments from current UO/OUS employees.
And then the university will claim that, when they count the cost of faculty benefits, faculty are overpaid. Got it?
4/10/2012: Bellotti, Frohnmayer top PERS payouts
It took a long legal struggle, but the Oregonian has been getting data on PERS payouts from the state, bit by bit. The Ted Sickinger story on how Mike Bellotti managed to pull off his $500K pension scam is pretty amazing. It will cost taxpayers $5 million.
And here’s a bit on how Bellotti took UO for another $2.3 million, plus this. He tried to get $7 million. And now the curious/jealous/outraged/smug can now check up on their friends and colleagues retirement benefits on the Oregonian website: