FREE e-Newsletter
Important News - Hot Topics
Get them Now!

Criminal Justice Degrees - Columbia Southern University
Let Columbia Southern University help you change your community with an MBA in...

Top News

Ex-L.A. Mayor To Debate Police Union on 401(k) Plan

November 15, 2012  | 

Multimillionaire businessman and former Los Angeles mayor Richard Riordan agreed Wednesday to three debates with the police union on his pension revamp initiative that would create a 401(k)-style retirement plan for newly hired officers.

Riordan is gathering signatures for an initiative he hopes to place on the May 21, 2013 ballot. Voters will also be electing a new mayor to replace termed-out Anthony Villaraigosa.

The measure would create a 401(k)-style retirement plan for newly hired city workers including Los Angeles Police Department officers instead of the current guaranteed pensions, reports the Los Angeles Times.

The Los Angeles Police Protective League, in a blog post, called Riordan's plan reckless and said it would be "more costly than the current pension systems."

Related:

Reckless Pension Reform In Los Angeles


Comments (1)

Displaying 1 - 1 of 1

PC @ 11/16/2012 8:29 AM

If you think that IOD pensions are out of control now wait until the new pension plan goes into effect. Why settle for a 401 type retirement when you can get a guaranteed work related retirement without working the required amount of years.

Join the Discussion





POLICE Magazine does not tolerate comments that include profanity, personal attacks or antisocial behavior (such as "spamming" or "trolling"). This and other inappropriate content or material will be removed. We reserve the right to block any user who violates this, including removing all content posted by that user.

Other Recent News

Video: CA Sheriff's Office Seeks to Prevent Future Accidental Discharges
The Fresno County (CA) Sheriff's Office Wednesday demonstrated how a deputy was wounded by...
Daniel Defense to Offer AR Armorer's Course at SHOT Show 2017
Topics covered in this 90-minute course will include how to conduct a buttstock...
VIMA to Present SHOT Show 2017 Session on How to Enhance Tactical Performance with Improved Vision
According to VIMA, Rev training enhances the user's sensory skills by removing...
Trijicon to Offer Reflex Optics Class for Law Enforcement at 2017 SHOT Show
This 90-minute-long class on reflex optics is part of the Law Enforcement Education...
Video: TX Police Recruiting Video Spoofs Terrible Shooting Skills of "Star Wars" Villains
In the video posted Friday morning, a Fort Worth PD firearms instructor tries to teach a...

Get Your FREE Trial Issue and Win a Gift! Subscribe Today!
Yes! Please rush me my FREE TRIAL ISSUE of POLICE magazine and FREE Officer Survival Guide with tips and tactics to help me safely get out of 10 different situations.

Just fill in the form to the right and click the button to receive your FREE Trial Issue.

If POLICE does not satisfy you, just write "cancel" on the invoice and send it back. You'll pay nothing, and the FREE issue is yours to keep. If you enjoy POLICE, pay only $25 for a full one-year subscription (12 issues in all). Enjoy a savings of nearly 60% off the cover price!

Offer valid in US only. Outside U.S., click here.
It's easy! Just fill in the form below and click the red button to receive your FREE Trial Issue.
First Name:
Last Name:
Rank:
Agency:
Address:
City:
State:
  
Zip Code:
 
Country:
We respect your privacy. Please let us know if the address provided is your home, as your RANK / AGENCY will not be included on the mailing label.
E-mail Address:

Police Magazine