Villaraigosa Calls For Pension Reform For City Workers

LOS ANGELES (CBS) — Los Angeles Mayor Antonio Villaraigosa is calling for pension reform for city workers.

In a letter dated Tuesday, Villaraigosa ordered the city’s top budget analyst to expedite a report detailing ways the city can enact several changes.

The proposed changes include:

– raising the retirement age from 55 to 67 for new civilian hires

– reducing the maximum amount of money retired city workers can receive through pensions

– cutting the amount the city will pay for retirement health care in half

– cutting coverage for spouses and dependents

The mayor’s suggestions are likely to face stiff opposition from city employee unions.


More From CBS Los Angeles

KNX 1070 Newsradio
Follow Us On Twitter

Listen Live