California Bill Tries Again to Reform Hospital District CEO Pension Benefits
Assembly Bill 130 (pdf), which would prohibit a hospital district from dishing out pension benefits to the CEO prior to his or her retirement.
The proposal is Assemblyman Alejo's second attempt in the past year to limit lavish pay packages to CEOs of taxpayer-funded healthcare districts. In May, he proposed a bill related to written contracts between hospital districts and administrators that ultimately died.
Mr. Alejo has introduced several healthcare CEO compensation bills after his district's health system, Salinas Valley Memorial Healthcare System, awarded former CEO Sam Downing a $4.9 million retirement package in 2011, in addition to his $115,000-per-year pension.
If passed, the retirement benefits standards would affect all hospital district CEOs starting Jan. 1, 2014.
More Articles on California Hospital CEO Compensation:
El Camino Hospital Officially Files Lawsuit Over Executive Pay Cap
California Hospital District Extends CEO Nancy Farber's $650k Salary
Sequoia Healthcare District CEO in California to Receive 14% Raise
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