Los Angeles Times | September 19, 2009 | 1:47 p.m. L.A. City Council unanimously approves, 12-0, 'tentative' early retirement plan for 2,400 city workers
The Los Angeles City Council voted unanimously today to resurrect a plan to give early retirement to 2,400 employees, and reversed plans for imposing layoffs and furloughs on six of its civilian employee unions. Negotiators for the city said they had persuaded the Coalition of L.A. City Unions to give up $78 million in "hard concessions" and convince its 22,000 members to contribute an extra 0.37% of their paychecks toward the city's pension fund, covering more of the early retirement cost. City Administrative Officer Miguel Santana, the city's top financial advisor, described the concessions as "solid." But he also said the city's $405-million budget shortfall is so big that some employees -- most likely members of a separate union, the Engineers and Architects' Assn. -- would experience an unspecified number of layoffs. More soon at http://link.latimes.com/r/NAT6JL/PHSOZ/TGL35X/NJ9LZ/3OJ7AT/VU/t. -------------------------------------------------------------------------------- California and the world: Visit http://link.latimes.com/r/NAT6JL/PHSOZ/TGL35X/NJ9LZ/C5TID2/VU/t for up to the minute news. Mobile: http://link.latimes.com/r/NAT6JL/PHSOZ/TGL35X/NJ9LZ/UUX8BF/VU/t Follow @LATimes on Twitter: http://link.latimes.com/r/NAT6JL/PHSOZ/TGL35X/NJ9LZ/LQV3FY/VU/t Follow the L.A. Times on Facebook: http://link.latimes.com/r/NAT6JL/PHSOZ/TGL35X/NJ9LZ/JI0FJD/VU/t Sign up for more email newsletters: http://link.latimes.com/r/NAT6JL/PHSOZ/TGL35X/NJ9LZ/9ZUKXA/VU/t -------------------------------------------------------------------------------- About this Communication: You are receiving this email because you opted-in to receive Breaking News Alerts from the Los Angeles Times. You're currently subscribed to Los Angeles Times Breaking News with the address [email protected]. If you'd like to unsubscribe, please click here: http://link.latimes.com/r/NAT6JL/PHSOZ/TGL35X/NJ9LZ/BMLYDM/VU/t?a=X0GLKI&[email protected]&c=51242192&d=WLDOTU You can also unsubscribe by modifying your profile on latimes.com at http://www.latimes.com/newsletters For information on how we protect your information, please read our privacy policy at http://link.latimes.com/r/NAT6JL/PHSOZ/TGL35X/NJ9LZ/HD6JSY/VU/t [[NAT6JL-WLDOTU-PHSOZ-TGL35X-NJ9LZ-T-M2-20090918-06d5c167e0bb30013]] -- Posted By # to BN at 9/18/2009 11:48:00 PM
