Miguel Exposito Walks With Almost a Million Bucks, Six-Figure Pension After Firing
If ex-police chief Miguel Exposito didn't look all that torn up on Monday when the Miami City Commission sacked him, there's a good reason: Not only can he ignore all of Mayor Tomás Regalado's nonsense from now on, but also he's walking away with some serious money.
Exposito will leave the city with a $906,955.30 one-time payday, assuming he cashes out all of his unused vacation and sick time, according to Riptide's records request. That's on top of the annual $118,399 pension he'll collect the rest of his days.
Exposito was canned this past Monday after three city commissioners backed City Manager Johnny Martinez's move to fire him for "not obeying orders."
But that doesn't mean Expo doesn't still have a nice payday coming his way.
The biggest lump sum comes from the city's DROP program, which lets employees bank pension cash in exchange for promising to retire early.
Exposito enrolled in 2005 and stored an impressive $730,907.50, says Daniel Orta of the city Fire Fighters' and Police Officers' Retirement Trust.
Exposito has also banked $72,121.43 in unused vacation time, says Diana Gomez, the city's finance director, and $118,399.20 in sick time -- although he hasn't filed paperwork yet to claim the sick time payout.
After 37 years on the Miami force, Exposito also has $118,399 in pension funds headed his way.
And don't be shocked to see the chief file a wrongful termination suit against the city before all is said and done.
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