Tag Archives: pensions

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

Six-Figure City Worker Pensions: Living High in Retirement

Posted on July 14, 2009 by

Historically, public employees were paid less than those private sector who did the same work but enjoyed a level of job security unimaginable elsewhere. Over the last 30 years in LA, and to a less extent California, that balance has … Continue reading →

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

Antonio’s Song and Dance — Money, Money, Money

Posted on April 7, 2009 by

Editor’s Note: The chart below shows just how LA’s dire financial condition will begin a catastrophe that will force the city into bankruptcy in a few years if dramatic steps are not taken now. The charts, part of a presentation … Continue reading →

Posted in City Hall, Hot Topics, Los Angeles | Tagged , , , , , | 7 Comments