Pension

Former City Councilman Richard Alarcon (R) and Flora Montes de Oca Alarcon entered not guilty pleas in October 2012 on perjury and voter fraud charges. (CBS)

LA Councilman Convicted Of Voter Fraud Will Continue To Collect $116K Annual Pension

Los Angeles doesn’t prohibit city employees convicted of felonies from receiving pensions, a worker in the city’s civilian retirement division told Los Angeles Daily News.

07/25/2014

(credit: CBS)

Kaiser Permanente Pharmacists Could Strike As Early As Monday

A strike would mean no one available to fill prescriptions.

05/17/2014

(credit: Irfan Khan-Pool/Getty Images)

Report: Ex-Bell City Manager Robert Rizzo To Keep Retirement Account, Pension Fund

Robert Rizzo, the former city manager for Bell, will likely have plenty of money when he gets out of jail, according to a published report.

11/03/2013

(credit: CBS)

New Santa Ana City Manager’s Big Paycheck Under Fire

Critics call it the “Santa Ana Gold Rush.”

CBS2 / KCAL9–08/20/2013

(credit: Mark Ralston/AFP/Getty Images)

Elective Surgeries Canceled Ahead Of Looming UC Walkout

A potential walkout among 13,000 workers at five University of California medical centers statewide next week has already prompted officials to cancel elective surgeries.

05/17/2013

(credit: Getty Images)

Calif. Treasurer Eyes Pension Divestment From Gun Manufacturers

State Treasurer Bill Lockyer is calling for a review of state pension fund investments connected to a company that manufactures firearms – including a type of rifle used in the Connecticut school shootings.

12/18/2012

(credit: Tim Boyle/Getty Images)

SEIU Worker Sought Fake Names To Sabotage LA Pension Switch

Former Mayor Richard Riordan says he has evidence that a low-level union member is behind an alleged illegal counter-campaign against his effort to change pensions plans for newly-hired public employees.

11/21/2012

(credit: Justin Sullivan/Getty Images)

Brown Signs ‘Biggest Reform Ever’ For Calif. Pensions Into Law

California Governor Jerry Brown signed into law on Wednesday sweeping pension reforms that he defended as benefiting both workers and taxpayers.

09/12/2012

(credit: CBS)

Hermosa Beach Official Claims Parking Officers Make Nearly $100K

The Mayor Pro Tem of Hermosa Beach claims parking enforcement officers are being paid nearly $100,000 a year.

CBS2 / KCAL9–08/15/2012

(Photo credit: David McNew/Getty Images)

UC Mulls New Tuition Hikes To Pay For $25B Funding Gap

Students may soon face another round of tuition increases to help pay for ballooning pension and health care costs.

KNX 1070 NEWSRADIO–06/19/2012

(credit: Spencer Platt/Getty Images)

Villaraigosa Calls For Pension Reform For City Workers

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.

CBS2 / KCAL9–06/08/2012

(credit: CBS)

Trutanich: Firm Hired To Invest LA City Pensions Accused Of ‘Institutional Deception’

A lawsuit alleges an investment firm hired to manage the public pension for city workers may have cost taxpayers nearly $100 million.

CBS2 / KCAL9–02/02/2012

Los Angeles County Supervisor Mike Antonovich (credit: John Heller/Getty Images)

Supervisor: Hefty Retiree Payouts Put LA County Budget, Pension Funds At Risk

Supervisor Mike Antonovich is warning that payouts totaling $48 million could dramatically impact the county’s fiscal health.

KNX 1070 NEWSRADIO–01/09/2012

(credit: Max Whittaker/Getty Images)

Report: Calif. Public Pension Funds May Face Up To $500B Shortfall

A disputed report from Stanford University suggests the state’s public pension fund could be hundreds of billions of dollars less than previously estimated.

KNX 1070 NEWSRADIO–12/27/2011

(credit: Justin Sullivan/Getty Images)

Gov. Brown Unveils New Pension Plan For State Workers

Gov. Jerry Brown unveiled a new pension plan for state workers Thursday, which will raise the retirement age to 67 for new hires.

CBS2 / KCAL9–10/27/2011

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