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Gov. Brown Unveils New Pension Plan For State Workers
LOS ANGELES (CBS) — Gov. Jerry Brown has unveiled a new pension plan for state workers, which will raise the retirement age to 67 for new hires. The proposal would create a mandatory hybrid retirement...
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Report: Calif. Public Pension Funds May Face Up To $500B Shortfall
SACRAMENTO (CBS) — Public pension funds in the state of California may be as much as half a trillion dollars short of projections, according to a new report. KNX 1070′s Mike Landa reports economists...
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Supervisor: Hefty Retiree Payouts Put LA County Budget, Pension Funds At Risk
LOS ANGELES (CBS) — Thousands of Los Angeles County workers who collected a reported $48 million in unused vacation pay could dramatically impact both the county’s budget and pension funds, according...
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Trutanich: Firm Hired To Invest LA City Pensions Accused Of ‘Institutional...
LOS ANGELES (CBS) — An investment firm hired to manage the public pension for city workers in Los Angeles mismanaged the fund and cost taxpayers nearly $100 million, according to a lawsuit announced...
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Villaraigosa Calls For Pension Reform For City Workers
LOS ANGELES (CBS) — Los Angeles Mayor Antonio Villaraigosa is calling for pension reform for city workers. In a letter dated Tuesday, Villaraigosa ordered the city’s top budget analyst to expedite a...
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UC Mulls New Tuition Hikes To Pay For $25B Funding Gap
WESTWOOD (CBS) — Students at University of California campuses statewide may soon face another round of tuition increases to help pay for ballooning pension and health care costs. KNX 1070′s Pete...
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Hermosa Beach Official Claims Parking Officers Make Nearly $100K
HERMOSA BEACH (CBSLA.com) — The Mayor Pro Tem of Hermosa Beach claims parking enforcement officers are being paid nearly $100,000 a year. The 10 officers who cover the area write tickets and handle...
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Brown Signs ‘Biggest Reform Ever’ For Calif. Pensions Into Law
LOS ANGELES (CBSLA.com) — California Governor Jerry Brown signed into law on Wednesday sweeping pension reforms that he defended as benefiting both workers and taxpayers. KNX 1070′s John Brooks reports...
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SEIU Worker Sought Fake Names To Sabotage LA Pension Switch
LOS ANGELES (CBSLA.com) — A former Los Angeles mayor leading an effort to change pensions plans for newly-hired public employees says he has evidence that a low-level union member is behind an alleged...
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Calif. Treasurer Eyes Pension Divestment From Gun Manufacturers
LOS ANGELES (CBSLA.com) — The California state treasurer has ordered a review of state pension fund investments connected to a company that manufactures firearms after learning one of its guns was...
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Elective Surgeries Canceled Ahead Of Looming UC Walkout
WESTWOOD (CBSLA.com) — A potential walkout among 13,000 workers at five University of California medical centers statewide next week has already prompted officials to cancel elective surgeries. KNX...
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New Santa Ana City Manager’s Big Paycheck Under Fire
SANTA ANA (CBSLA.com) — Critics call it the “Santa Ana Gold Rush.” Santa Ana’s soon-to-be city manager, 53-year-old David Cavazos, will become one of the state’s highest paid public employees in...
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Report: Ex-Bell City Manager Robert Rizzo To Keep Retirement Account, Pension...
BELL (CBSLA.com) — Robert Rizzo, the former city manager for Bell, will likely have plenty of money when he gets out of jail, according to a published report. The Los Angeles Times reports that he...
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Kaiser Permanente Pharmacists Could Strike As Early As Monday
LOS ANGELES (CBSLA.com) — People lined up to fill prescriptions Saturday as a pharmacist strike looms at Kaiser Permanente. More than 1,000 Kaiser pharmacists could strike as early as Monday. KCAL9’s...
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LA Councilman Convicted Of Voter Fraud Will Continue To Collect $116K Annual...
LOS ANGELES (CBSLA.com) — Even though L.A. City Councilman Richard Alarcon was convicted of four felonies this week, he’ll continue to receive his $116,000 annual pension, a newspaper reported Friday....
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A List Of Lawmakers Who Collect Both Pension Check, Salary
LOS ANGELES (AP) — A newspaper search of pension system records has found that 17 California lawmakers collect government pension checks on top of their legislative salaries. Here’s a look at who they...
View ArticleVictims’ Families Urge California To End Gun Investments
SACRAMENTO, Calif. (AP) — Families of mass shooting victims and others called Monday for the nation’s largest public pension fund to stop investing in companies that sell assault weapons and devices...
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