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Los Angeles City Council Consider Scaling Back Pensions (Shouldn't bureaucrats go first?)
CBS Local ^ | 10/23/10

Posted on 10/23/2010 6:04:00 PM PDT by Libloather

Los Angeles City Council Consider Scaling Back Pensions
October 23, 2010 4:13 PM

LOS ANGELES (CBS) — This coming Tuesday, the LA city council is expected to vote to put a measure on the March municipal ballot, allowing voters to decide about scaling back pensions for firefighters and cops.

The council heard a report from the actuary who studied the proposed ballot measure Friday, then decided to wait until Tuesday to vote.

The council has until Nov. 3 to approve the measure for placement on the March 8 ballot.

City Council President Eric Garcetti urged his colleagues to support the initiative, saying “We stick to the numbers, and an actuary who is bound by law to do analysis not based on politics but based on numbers actually showed that when pension is designed the right way, it is cheaper for the people of Los Angeles.”

According to the city’s budget analysts, pensions make up 18 percent of the city’s expenses this fiscal year, and will be double that by 2014.

(Excerpt) Read more at losangeles.cbslocal.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: bureaucrats; california; la; pensions
Only one comment - from kimi -
lets put on the ballot THE CITY COUNCIL PENSION AND RAISES also.

I was gonna say that.

1 posted on 10/23/2010 6:04:07 PM PDT by Libloather
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To: Libloather

This could get interesting.


2 posted on 10/23/2010 6:09:18 PM PDT by Marty62 (marty60)
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To: Marty62; Liz
California Pension Promises Exceed 550% of State Tax Revenue by 2012; A Look at Solutions
3 posted on 10/23/2010 6:12:31 PM PDT by Libloather (Teapublican, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
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To: Libloather

I don’t remember these brave leaders asking us to vote on raising the pensions, do you!


4 posted on 10/23/2010 6:29:14 PM PDT by Rdev
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To: Rdev
I don’t remember these brave leaders asking us to vote on raising the pensions, do you!

Eww. Good one.

5 posted on 10/23/2010 7:52:34 PM PDT by Libloather (Teapublican, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
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To: Libloather

The FBI and IRS should ruthlessly scrutinize all pension records filed by muni workers, teachers, high level bureaucrats, firefighters and cops.

L/E may be looking at the parameters of prosecutable crimes including collusion, making false statements to state/federal officials, obstructing proceedings before state/federal agencies, obstructing and delaying US justice......that includes pension officials.

JUST IN CASE PENSION THIEVES TRY TO PROTECT THEIR SORRY ***ES Stealing and conveying (or destroying) official records is actionable. Computer Trespass is a class C felony if made with the intent to commit a crime and involves a computer or database maintained by a govt agency.


6 posted on 10/24/2010 3:37:46 AM PDT by Liz (Nov 2 will be one more stitch in Obama's political shroud.)
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