by rondelord | Dec 1, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
In the last year, all three of Los Angeles’ public employee pension funds have recalculated their too-rosy estimates of how much they will earn in the years ahead. Those lowered earning forecasts may cost the city in the short term — if it has to deposit more...
by rondelord | Nov 17, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A decade ago, many of California’s public pension plans had plenty of money to pay for workers’ retirements. All that has changed, according to a far-reaching package of data from the state controller. Taxpayers are now on the hook for billions of dollars...