Reducing the cost of pensions to the City is an essential component to achieving true structural reform and long-term budget health. The current system is unsustainable and threatens to overwhelm our City's ability to provide the highest level of police, fire, library, parks, roads and other critical services. This cost-crisis is becoming especially acute as baby boomers retire en masse.
I have crafted and introduced in Council a plan that would fundamentally reform the city's pension system to save millions of dollars. My plan changes the way a pension is calculated to stop pension “spiking” and “double-dipping” while requiring employees, for the first time, to contribute to the cost of their lifetime health care benefits. Enacting these reforms could face an uphill battle, but the bottom line is that the status quo is unacceptable and threatens the core services that City Hall exists to provide. Let me know what you think about pension reform at councilmember.garcetti@lacity.org or by leaving a comment below.
Tuesday, October 19, 2010
Thursday, October 14, 2010
Wednesday, October 6, 2010
Our Sixth DWP Public Hearing
If you missed Monday's hearing on DWP reform we'll post a video of the event in its entirety soon. Meanwhile, we hope you can make it to our sixth public hearing on Monday, October 18th from 6:00 to 8:00 pm. We do not currently have a location, however the hearing will take place in the 2nd Council District (Studio City, North Hollywood, Tujunga) in partnership with Councilmembers Krekorian and Perry. Stay tuned for more details.
Friday, October 1, 2010
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Tuesday, September 28, 2010
A Replay of Last Tuesday's Town Hall
If you weren't able to attend last Tuesday's town hall with planning director Michael LoGrande you can watch the event in its entirety, courtesy of Channel 35, by clicking here. Soon, you'll be able to sort through the types of questions asked and find out how you can get more involved with each issue.
Friday, September 24, 2010
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