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Los Angeles: In pension denial

NOVEMBER 21, 2017 | by Jack Humphreville | CITYWATCH

By Jack Humphreville, includes “There are no easy solutions to the City’s pension crisis. Our Elected Elite will do nothing as they are beholden to the campaign funding leaders of the City’s public unions who will fight any meaningful reform. The California Rule that springs from a State Supreme Court ruling prohibits, for the time being, any meaningful changes that impact current employees. And as pension contributions and salary increases continue to increase faster than revenues, the City will continue to cut vital services to eliminate the Structural Deficit.”  

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