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.