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Public hospital president’s retirement pay spotlights issue of ‘supplemental’ pensions

The LA Times has drawn attention to the extraordinary compensation package of yet another public hospital CEO, this time in Salinas County. According to the article:

“Pension reform advocates are calling attention to the retirement package of Samuel Downing, president and CEO of the Salinas Valley Memorial Healthcare System. Downing received a $3 million retirement payment two years ago when he turned 65, and he continued working at an annual salary of $668,000. He will receive another payment of about $900,000 when he retires this week, as well as an annual pension of $150,000. Officials at the public health care system say such payouts are necessary to attract and retain talent.”

Read more: http://www.californiahealthline.org/articles/2011/4/28/salinas-health-system-ceos-pension-sheds-light-on-issue.aspx#ixzz1KuxSIx8w”

Tim Colling
Tim Colling

Tim Colling is the founder and President of A Servant's Heart In-Home Care, which provided in-home caregiving services in San Diego County, and also of A Servant's Heart Geriatric Care Management, which provided
professional geriatric care management services and long term care placement services in San Diego County. Tim has more than 30 years of experience in management in a variety of industries. He held a Certified Care Manager credential from the National Academy of Certified Care Managers. Tim is also a Certified Public Accountant (retired), and received his Bachelor’s Degree in Accounting from California State University at San Diego. In addition to writing blog posts here for the Servant’s Heart blog, Tim also is a regular contributor to HealthLine.com and to FamilyAffaires.com as well as blogs of other eldercare services provider companies. Finally, Tim is also the president of A Servant's Heart Web Design and Marketing, which provides home care marketing as well as website design and online marketing for those who serve the elderly and their families.

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