The Los Angeles City Council unanimously adopted a new
retirement plan under which spouses of retired workers will no longer be
eligible for city-funded healthcare. City employees will see their take-home
pay reduced in years when their retirement fund takes a hit in the stock market,
and employees who retire at the age of 55 after 30 years of city employment
will receive pensions that are roughly one-third the amount provided to
existing employees. The changes will only apply to newly hired civilian workers
and will not affect the retirement benefits of police officers, firefighters,
and employees at the Department of Water and Power. It will need a second vote
within 30 days to go into effect. In the nonce, the council instructed city
negotiators to meet with union leaders to try to find common ground and to
avert a lawsuit.
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