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Controversial LA police and fire retirement plan more expensive than promised to voters, report says

Jack Dolan  |  December 6, 2018

"The controversial retirement program that pays Los Angeles police and firefighters their salaries and pensions simultaneously at the end of their careers has not been 'cost neutral' — as was promised to voters when they approved it in 2001. That’s the conclusion of a study called for by Mayor Eric Garcetti and City Council members earlier this year after a Times investigation found that more than 1,200 participants who entered the Deferred Retirement Option Plan had then taken injury leaves at essentially twice their usual pay.”

Read the full article on: Los Angeles Times

 
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