We're blogging live from the city's pension board meeting. And within a minute, the board just approved the minutes from its last meeting, finalizing Memphis Mayor Willie Herenton's roughly $75,000 annual pension.
Two of Herenton's controversial appointments, former Public Services and Neighborhoods Director Ken Moody and Deputy Director Yalanda McFadgon, also had their pensions approved.
Both who were surrounded by controversy after problems surfaced at the Memphis Sexual Assault Resource Center.
Moody, a 43-year-old former Memphis State University basketball player who worked for the city 13 years, earned $118,300 annually. His yearly pension will be about $38,650.
McFadgon is a former Herenton bodyguard and a convicted felon. Last year, McFadgon, 46, was promoted to her current position, in which she earned about $105,900. Her pension will be about $59,900 annually.
Moody and McFadgon announced their retirements shortly after Herenton announced his resignation on June 25.
So a Deputy Director in the position for about a year gets a higher pension than a Director who's been working for the city for 13 years? Awesome.
"So a Deputy Director in the position for about a year gets a higher pension than a Director who's been working for the city for 13 years? Awesome."
Special Services for the Mayor cannot go unrewarded.
I am so barfing at how high these pensions are, especially for middle aged people capable of working but are getting paid 60K/yr for doing nothing.