Tag Archives: pension

How to Fix the Public Employee Pension System: Elect People Who Will Serve You — Not Them

Posted on January 4, 2012 by

The British call it “pension apartheid,” the enormous gap between the retirement benefits bestowed on public employees and workers in the private sector where defined benefit plans have all but disappeared. In Los Angeles and throughout California, the reference to segregation … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles, Pensions | Tagged , , , , , , | 12 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