Los Angeles City Council Consider Scaling Back Pensions

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.

L.A. City Council Considers Plans To Scale Back Pensions: KNX 1070’s Bill Cooper reports.

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.

State law hinders officials from reducing the pensions of existing employees, but a ballot measure can be used to scale back the retirement pay of future police officers and firefighters.

(©2010 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

  • kimi

    lets put on the ballot THE CITY COUNCIL PENSION AND RAISES also.

  • frank carson

    the police and firemen are public servants,they work for the people that’s means the people decide what they get paid not some behind closed door deal.does any one understand that by the time the average tax payer retires the average police or firemen has made over 2 million dollars of your money that you have no right to and will never see anything close to that return,and what about the health care something else that you are not entitled to, so why does the public pay all the extra taxes for something you are not entitled to.the public workers have no right to a union and no right to a pension.the pension are illegal they were made into law illegally.the people that work for the tax payers do not have more rights,by taking the job as a police or firemen there job is to protect the rights of the tax payers not take from the tax payers.the only hope for Calif is to end the unions end the pensions.

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