Tag Archives: lacers

How Sweet It Is — Most Retired City Workers Get 3% More Despite Negative Inflation

Posted on May 14, 2010 by

The bill to taxpayers for city pensions is close to $1 billion this and is expected to go far higher in coming years which is the No.1 reason services are being slashed, assets sold and bankruptcy looms as the only … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles | Tagged , , , , , , | 15 Comments

ERIP Halftime Report: THE LIST

Posted on March 21, 2010 by

The average pension city workers are getting under the Early Retirement Incentive Program is $51,887 but the figure will go even higher when the five years’ extra credit is calculated for those who retired between June and December. Under a … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles | Tagged , , , , | 17 Comments

City Pensions Since ERIP: The Facts, The Figures, The List

Posted on February 6, 2010 by

In the first six months after City Hall offered the Early Retirement Incentive Pprgram, 625 workers have actually retired with pensions averaging more than $1,000 a week with 32 of them getting pensions in excess of $100,000 a year, according … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles | Tagged , , , , , | 18 Comments

Laundering Broidy’s Dirty Money, Looking for Political Cover

Posted on December 8, 2009 by

There is an elegance to a completely corrupt political system that anyone with an artistic sensibility has to admire. The case in point is disgraced LA venture capitalist Elliott Broidy and the nearly $1 million he used to buy influence … Continue reading →

Posted in City Hall, Community Activists, Hot Topics, Los Angeles | Tagged , , , , , , , | 16 Comments

LACERS Pension Board Approves 15-year Payback for Early Retirement Deal

Posted on September 9, 2009 by

Setting the stage for a showdown over cutting city spending, the LACERS Board approved the Early Retirement Incentive Program (ERIP) that will cost up to $150,000 each for an estimated 2,400 workers. The board which oversees funding of pensions and … Continue reading →

Posted in City Hall, Los Angeles | Tagged , , | 50 Comments

A World of Political Absurdity beneath the Smoke-filled Sky

Posted on September 1, 2009 by

It’s dizzying sometimes trying to tell the smoke from the smokescreen in the burned-out world of LA politics and politicians. The wildfire now raging out of control in the Angeles National Forest from La Canada to Acton, from Sunland-Tujunga to … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles | Tagged , , , , , , , , | 6 Comments

Days of Reckoning: Don’t Forgive Them, They Know What They Are Doing

Posted on August 6, 2009 by

Sally Choi put her job on the line Tuesday even in the face of threats and intimidation from City Council members who knew very well that their actions violate both civil and criminal law. The videos below contain evidence that … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles | Tagged , , , , , , | 10 Comments

The People’s Hero, Sally Choi: City’s Sweetheart Early Retirement Deal Blowing Up

Posted on August 4, 2009 by

In an extraordinary session two months too late, the City Council was thrown into turmoil Tuesday by facing the facts of the real costs of the sweetheart early retirement deal it offered to city unions. It took Sally Choi, general … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles | Tagged , , , , , , , | 21 Comments

Play Now, Pay Later — The Road To Ruin

Posted on August 3, 2009 by

UPDATE: The LACERS pension board delayed a vote today on the city’s planned early retirement program as union leaders stepped up their campaign to derail a controversial proposal for making the city pay off the program’s cost 10 years sooner … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles | Tagged , , , , , , | 10 Comments

Exclusively on OurLA.org: City Pension Millionaires: The $100,000 Club

Posted on July 25, 2009 by

Go to OurLA.org – the new community-based news and information site — to read the who’s who of City Hall’s $100,000 Pension Club. Today’s exclusive report provides the names of the retired LAPD and Fire Department employees who are getting … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles | Tagged , , , , , , | 30 Comments