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Business leaders push public pension changes in Los Angeles

August 16, 2012 |  7:02 am

A coalition of Los Angeles business leaders is pushing Mayor Antonio Villaraigosa and city officials to tackle the rising cost of public employee pensions

While state lawmakers in Sacramento mull public pension changes, another battle is brewing in Los Angeles. 

Kate Linthicum and David Zahniser report in Thursday's Los Angeles Times that a coalition of L.A. business leaders is pushing the city to tackle the rising cost of public employee pensions

Mayor Antonio Villaraigosa has already suggested scaling back benefits and increasing the retirement age for new employees. But the proposal being pushed by the business leaders would also affect current employees.

David Fleming of the Los Angeles County Business Federation said supporters may ask for residents to vote on the plan if city leaders don't make changes on their own.

Residents in San Jose and San Diego have already approved pension cutbacks for public employees in those cities.

ALSO:

2 big cities OK cuts to worker pension costs

Salary "spiking" drains public pension funds, analysis finds 

California pension reform deal elusive as lawmakers near recess

Photo: Los Angeles Mayor Antonio Villaraigosa. Credit: Al Seib / Los Angeles Times

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