City Ballot Measure Would Scale Back LAPD Pensions

If voters approve the March 8 measure, the city is estimated to save $152 million over 10 years by requiring new hires to work longer and pay more into retirement and health care systems than current workers.

Staff Writer
October 26, 2010

To control spiraling costs, the Los Angeles City Council has agreed to put a measure on the March 2011 ballot that would reduce benefits for new police and fire workers, reports the Daily News.

If voters approve the March 8 measure, the city is estimated to save $152 million over 10 years by requiring new hires to work longer and pay more into retirement and health care systems than current workers.

Read the full story at DailyNews.com.

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