L.A. still has work to do on pension reform

2016-12-19T17:46:14-08:00December 19th, 2016|Categories: Pension Reform|Tags: |

Los Angeles’ elected leaders have frequently praised themselves for passing pension reforms. Former Mayor Antonio Villaraigosa repeatedly claimed to have made “the most far-reaching effort in the nation” to rein in employee retirement benefits. And Mayor Eric Garcetti said this year that L.A. had “done the most pension reform in the country of any big city.” But even after persuading employee unions to accept these vital changes, the city continues — and will continue for several more years — to spend 20% of its budget on workers’ retirement [...]