Posts Tagged: schwada

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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