Move to cut city pensions in Los Angeles
The Los Angeles City Council has voted to approve sweeping pension cuts for all new civilian employees.
Amid boos and shouts from angry city workers, the Los Angeles City Council voted to approve sweeping pension cuts for all new civilian employees. The changes raise the full retirement age to 65 for new hires, eliminate city-funded healthcare for spouses of retired workers and cut pensions by as much as two-thirds, according to the Los Angeles Times.
The measures only apply to newly hired civilian workers, exempting police officers, firefighters and Department of Water and Power employees. The council must take a second vote within 30 days for the changes to go into effect.
Read the entire story in American City & County, our sister publication.
Tags: News
