Posts Tagged: legislative

News

Public pension changes take effect

Gov. Brown pushed through legislation that cuts and caps public pensions for new employees, making a fix-it-to-save-it argument while bypassing the bargaining usually demanded by his labor allies for benefit changes.

 

Voters needed assurance the governor’s tax hike on the November ballot would not be eaten up by pension costs, and inaction might fuel

News

Will L.A. make 401(k)-style public pensions a trend?

Signature gathering began last week for an initiative to switch new hires of California’s largest city from pensions to a 401(k)-style plan, a change begun in the second largest city, San Diego, after voters approved a similar initiative in June.

 

Former Los Angeles Mayor Richard Riordan, who has warned the city is sliding toward

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