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January 23, 2022
By Brian Hews
The June 30, 2023 retirement of Cerritos City Manager Art Gallucci is going to be expensive for the City of Cerritos, and a big pay for Gallucci, to the tune of over a half-million dollars.
Gallucci has racked up nearly 2,409 vacation hours – 1 year and ten weeks – totaling over $278,000.
Cerritos’ policy dictates after the fifteenth year, one day of vacation is added each year until a maximum of twenty-two days is reached, for a total of 176 hours (22*8) maximum per year.
Consequently, Gallucci will amass an additional 80 hours before he retires – $9,000 – for a total of $287,000.
In addition, in December 2000, the Republican-led City Council approved a retirement plan for employees; per that plan, Gallucci will receive another $254,000.
The final retirement check to Gallucci will total $541,000.
But wait, there’s more – in the form of a monthly retirement benefit. Cerritos pays health insurance for life, including medical, dental, and vision; Gallucci will receive what the city calls the “platinum family rate” his total monthly health bill will be $2,700 or $32,400 per year.
