From Los Angeles Times:
While state lawmakers in Sacramento mull public pension changes, another battle is brewing in Los Angeles.
Kate Linthicum and David Zahniser report in Thursday’s Los Angeles Times that a coalition of L.A. business leaders is pushing the city to tackle the rising cost of public employee pensions.
Mayor Antonio Villaraigosa has already suggested scaling back benefits and increasing the retirement age for new employees. But the proposal being pushed by the business leaders would also affect current employees.