Fox 45 Good Day Baltimore: City Finance Director H. Raymond Retiring On Est. $2.1M Golden Parachute

When Baltimore City’s finance director retires at the end of the month, he will begin collecting an estimated annual pension of $153,223 – assuming he chooses the maximum retirement option.

Although taxpayers helped fund and guarantee the golden parachute, citizens have no right to see the payout amounts. Public employee pension payouts are not subject to the Maryland Public Information Act.

The citizens in Baltimore should consider: Should the man who presided over the city’s underfunded pension system– which is described as a “sinkhole” by fiscal hawks – get a $153,223 lifetime annual pension of his own.

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