A $228 Million Dollar Mistake, Yes, You Heard That Right…$228 Million Dollar Mistake Made For The Orange County, California Pension System, And It Wasn’t Found For 8 Years

Posted By on February 26, 2011

So…Inquiring minds want to know what other computer systems are using this same software and why it takes 8 years to figure this out.  We think there’s more to this story!

SANTA ANA, Calif. (KABC) — A $228 million mistake has landed two employees for Orange County’s pension system on paid leave.

It’s all linked to a computer error dating back eight years ago, according to the Orange County Register.

In 2003, new software was installed which miscalculated some rates for payments to the pension fund.

The Orange County Register reported that pensions themselves shouldn’t be affected by the mistake, but it will result in some hefty catch-up bills for agencies countywide. The Orange County Fire Authority, for example, will have to pay $76 million to make up for eight years in which funds went uncollected for special pay stipends for paramedics and others with specialized jobs, the newspaper reported.

The retirement agency is allowing the firefighters to pay the bill over a 25-year period beginning in July.

Orange County Employees Retirement System Assistant CEO Steve Cadena and Finance Officer Michelle Williamson have been placed on paid leave since Feb. 18, as the agency conducts an audit.

The Associated Press contributed to this report.

About the author

Comments

53 Responses to “A $228 Million Dollar Mistake, Yes, You Heard That Right…$228 Million Dollar Mistake Made For The Orange County, California Pension System, And It Wasn’t Found For 8 Years”

  1. Yong Lu psu says:

    Yong Lu psu

    I am Eric Lu Penn state, I am in Penn State. I am Yong Lu psu.

  2. Don Tigert says:

    Don Tigert

    Look this ripoffreport from ripoffreport.com

  3. free classified site like craigslist

    Classifieds Ads sees all free,} knows all.Try sell and buy you’ll like it.Pets,Business,Real Estate,Vehicles ads shows good taste,Our jobs offer is bigger!

  4. …Links

    […]Great weblog right here! Additionally your website loads up very fast![…]

  5. Trackback

    […]Wow, amazing blog layout! How long have you been blogging for?[…]

  6. …Click here for or more Information

    […] What host are you the use of? Can I am getting your associate link on your host? I desire my website loaded up as fast as yours lol[…]

  7. Trackback

    […]you make blogging glance[…]

  8. …Click here for or more Information

    […]Wow, wonderful blog layout! How long have you been blogging for?[…]

  9. …Links

    […]Great weblog right here! Additionally your website loads up very fast![…]

  10. …Awesome website

    […]Wow, marvelous weblog format! How lengthy have you ever been running a blog for?[…]

  11. sbobet wap says:

    …A Friend recommended your blog

    […] What web host are you the usage of? Can I get affiliate hyperlink in your host? I wish web site loaded up as quickly as yours lol[…]

  12. togel online says:

    …Click here for or more Information

    […]The entire glance of your site is wonderful, let smartly as the content![…]

  13. …Websites you should visit

    […]I am no longer certain the place you’re getting your information, but great topic.[…]

  14. …Visitor recommendations

    […]Wow, fantastic weblog structure! How lengthy have you ever been running a blog for?[…]

  15. …For further Information click here

    […] What host are you using? Can I am getting your associate link on your host? I want site loaded up as fast as yours lol[…]

  16. …Take a look for more Information on that topic

    […] What host are you using? Can I am getting your associate link on your host? I want site loaded up as fast as yours lol[…]

  17. …Recommended websites

    […]The full look of your website is magnificent, let neatly as the content material![…]

  18. Deonne Philo

    hello, this is probably the best article i have ever read, i feel great. If you like me, please support me here:

  19. … [Trackback]

    […] Read More on|Read More|Read More Informations here|There you will find 2231 additional Informations|Informations to that Topic: thestatedtruth.com/?p=16473 […]

  20. website says:

    … [Trackback]

    […] Find More here|Find More|Read More Infos here|There you can find 17659 additional Infos|Infos to that Topic: thestatedtruth.com/?p=16473 […]

  21. … [Trackback]

    […] Find More here|Find More|Read More Infos here|Here you will find 8123 more Infos|Informations to that Topic: thestatedtruth.com/?p=16473 […]

  22. … [Trackback]

    […] Find More on|Find More|Read More Infos here|There you will find 63346 more Infos|Informations on that Topic: thestatedtruth.com/?p=16473 […]

  23. PK screening says:

    … [Trackback]

    […] Find More on|Find More|Find More Informations here|Here you can find 7804 additional Informations|Infos to that Topic: thestatedtruth.com/?p=16473 […]

  24. … [Trackback]

    […] Find More on|Find More|Read More Informations here|There you can find 50817 more Informations|Infos on that Topic: thestatedtruth.com/?p=16473 […]

  25. … [Trackback]

    […] Find More here|Find More|Read More Infos here|Here you will find 37298 additional Infos|Informations to that Topic: thestatedtruth.com/?p=16473 […]

  26. … [Trackback]

    […] Find More on|Find More|Read More Infos here|There you will find 19665 additional Infos|Informations to that Topic: thestatedtruth.com/?p=16473 […]

  27. … [Trackback]

    […] Find More on|Find More|Find More Infos here|There you can find 76337 more Infos|Infos on that Topic: thestatedtruth.com/?p=16473 […]

  28. … [Trackback]

    […] Find More on|Find More|Read More Informations here|Here you can find 66597 more Informations|Infos on that Topic: thestatedtruth.com/?p=16473 […]

  29. … [Trackback]

    […] Find More here|Find More|Read More Infos here|Here you will find 28575 more Infos|Infos to that Topic: thestatedtruth.com/?p=16473 […]

  30. … [Trackback]

    […] Find More on|Find More|Read More Infos here|Here you will find 59656 more Infos|Infos on that Topic: thestatedtruth.com/?p=16473 […]

  31. … [Trackback]

    […] Find More on|Find More|Find More Informations here|Here you will find 51892 more Informations|Infos on that Topic: thestatedtruth.com/?p=16473 […]

  32. … [Trackback]

    […] Find More Information here on that Topic: thestatedtruth.com/?p=16473 […]

  33. … [Trackback]

    […] Information on that Topic: thestatedtruth.com/?p=16473 […]

  34. … [Trackback]

    […] Here you can find 78719 additional Information to that Topic: thestatedtruth.com/?p=16473 […]

  35. brokers says:

    … [Trackback]

    […] Find More here on that Topic: thestatedtruth.com/?p=16473 […]

  36. … [Trackback]

    […] Read More Information here to that Topic: thestatedtruth.com/?p=16473 […]

  37. … [Trackback]

    […] Information on that Topic: thestatedtruth.com/?p=16473 […]

  38. … [Trackback]

    […] Info on that Topic: thestatedtruth.com/?p=16473 […]

  39. … [Trackback]

    […] Find More Information here to that Topic: thestatedtruth.com/?p=16473 […]

  40. … [Trackback]

    […] Find More on on that Topic: thestatedtruth.com/?p=16473 […]

  41. … [Trackback]

    […] There you will find 76997 additional Information on that Topic: thestatedtruth.com/?p=16473 […]

  42. … [Trackback]

    […] Read More Information here to that Topic: thestatedtruth.com/?p=16473 […]

  43. … [Trackback]

    […] Find More on that Topic: thestatedtruth.com/?p=16473 […]

  44. Nike Air Max 95

    Nike Air Zoom Spiridon Hombre

  45. novo estilo sapatilhas nike air max tr17 para homem cinzento cool castanho gum claro

    serre t锚te avec faux cheveux et foulard pour fille. a vendreceinture homme salvatore ferragamoporte cartes gastinne renette rouge sacs homme rougepantalon de jogging femme en jersey bouclette avec ceinture plate g茅mo

  46. fitflop f sporty ii lace up sneakers in iridescent silver the boot room

    columbia sportswear switchback ii jacket hoodedforeo luna mini 2 ab 93hugo boss 1932 vs 2012diadora returns from the 80s for a new generation uk fashion

  47. jt exteriors says:

    … [Trackback]

    […] Here you will find 46807 more Info to that Topic: thestatedtruth.com/?p=16473 […]

  48. dressy jackets sitealiexpress.com

    2017 ankle strap crystal gladiator sandals new bling sexy high heels transparent shoes platform sandals casual gold shoes womancartoon pink cat soft silk heart camera hole phone case for iphone 6 6s 7 plus girls glitter phone back covers for iphone 6 p…

  49. … [Trackback]

    […] Read More here on that Topic: thestatedtruth.com/?p=16473 […]

  50. bota feminina cano longo marrom sandra feminino

    e mbroidered asics chaussures de running gel quick33 femme rose bleu asics outlet asics fitness auxtee shirt 脿 t锚te de mort jeans industrynike air force 1 啪enske tenisice novo eu 40lunettes de soleil ray ban rb3550 m茅tal noir mat vente nouveau en ligne

  51. damski str贸j k膮pielowy pula wmns p p su lime aquawave

    na de aardbeving in 2010 werden 106 kinderen uit in nederland opgevangen door nederlandse beeld anpverkocht 19 f ck nijmegen fundawitte knuffelbeer hartje kopenkinderjeans maat 86 online shop

  52. touch sport bh mit aufschrift t shirts

    58462 girls rhythmic moves gymnastics leotardmala in the mix tote chanelboston lg n at deri erkek anta seyahat bagaj seyahat antas b眉y眉k hakiki deri duffle anta erkeklersapato boneca salto grosso lara vazado

Leave a Reply

You must be logged in to post a comment.

Copyright © 2019 The Stated Truth