Congratulations to Mr. and Mrs. Glenn Sabine on the wonderful news of a bun in the oven. It was only a few months ago that Jennifer Smith announced her resignation as Finance Director of Encinitas. Many were puzzled why Ms. Smith, who made $162,000 in 2010 and would have been guaranteed a multi-million-dollar pension at 55, and is not believed to have a finance or accounting degree, would leave such a job.
According to the registry, the due date is June 3. Baby gifts may be purchased here.
Don't have the scratch right now to buy them a gift? That's OK; you've given so much already.
Sounds like the last days of the Roman Empire - rape of the Sabine women included (except it was consentual). There is so much insider collusion, that a total overall is required to bring this city into line. Otherwise, repeal incorporation - the worst thing that ever happened to Encinitas!
ReplyDeleteIs $tock$ submitting a DNA sample?
ReplyDeleteI am not sure about this, but I'm informed that if someone works for at least 10 years for the State, or a government entity with pension benefits accrued through CalPERS, then that person WILL receive pension benefits, when retiring early? The condition is that the person, in this case Jennifer Sabine, if she did work at least 10 years for the City of Encinitas, which I feel certain she has, would have to wait until she is age 55 to receive the benefits for which she is legally vested. Does this make sense?
ReplyDeleteIn other words, Ms. Smith or Mrs. Sabine had incentive to leave her job, probably wishing to take care of her child, plus KNOWING her benefits will be determined by her highest pay periods, before she stopped working. Perhaps she was also concerned that if she is now married to Glenn Sabine, more questions of conflicts of interest could surface? That seems probable, to me!
I was glad I could search on Jennifer and Sabine, and find some excellent past posts on this blog regarding Ms. Smith and Mr. Sabine and what I see to be their conflicts of interest, their being overpaid, and their nefarious "dealings."
Yes, she'll still get a pension, but it will be a lot smaller than if she'd kept working.
DeleteUnder the 2005 Jerome Stocks pension giveaway, employees get 2.7% of highest pay times years of service. So she'll still get a nice check but not nearly as much as if she slept through another 15 or 20 years on the job.
Another possibility is that she was pushed out by the new city manager, as she was apparently totally unqualified for her position and the city repeatedly refused to produce any evidence of her qualifications.