Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Los Angeles City Council Moves Ahead on Furlough and Layoff Plan Leaving Early Retirement Option in Question
Los Angeles Daily News Link to more items from this source
Sept. 16, 2009
Excerpt: Still failing to reach a deal with city unions in contract talks Wednesday, the City Council asked officials to start drafting plans to lay off 926 workers and furlough thousands of others, while continuing to consider an early retirement program. But the action sets up a possible veto from Mayor Antonio Villaraigosa, who said he believes he has no choice but to block the Early Retirement Incentive Program. 'We are in a rapidly deteriorating financial circumstance,' Villaraigosa said at a late afternoon news conference. 'The reality is we cannot continue as we have. Originally, the plan would have saved $111 million. Now it will save only $12 million.'

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.