April 20, 2010

"Sanko gets hefty check, annual pension"

By Peter Hall, Intelligencer, April 20, 2010:
Former Bucks County Chief Operating Officer Dave Sanko's contract called for the county to pay the maximum amount allowed by the IRS for a 457 retirement plan. He also qualified for an $18,000 annual county pension.

Bucks County's former Chief Operating Officer Dave Sanko received $76,500 in deferred compensation for the five years he worked as the county's top staff member.

In addition to the money the county paid into a retirement fund for Sanko, he will be eligible to collect $18,000 a year in pension payments from the county employees' retirement fund when he turns 60, county Controller Ray McHugh said Monday. . . .