L.A. Now Live: L.A. pension reform efforts
Times City Hall reporter David Zahniser will join L.A. Now Live today for an update on city pension reform efforts.
The chat is scheduled for 9 a.m. and is to be hosted by reporter Rebecca Trounson.
On Wednesday, business leaders pressed elected officials to address ballooning city employee pension costs, pushing for salary freezes as well as a ballot measure that would let voters -- instead of lawmakers -- decide how much employees should collect in retirement.
Unlike Mayor Antonio Villaraigosa's plan, which would affect only new city employees, the business leaders' proposal would open the door for salary reductions for current city staff.
The business leaders called for police officers' and firefighters' pay to be frozen when the city's contribution to their pensions exceeded 25% of their salary. Salaries for other city workers, including librarians and maintenance staff, would be frozen if the city's contribution exceeded 15% of their pay.