LA Pension Reform

Support the Bankruptcy Avoidance & Pension Protection Act of 2013 The City of Los Angeles faces a financial emergency, heading towards bankruptcy.

On its current path, the City will not have the ability to honor its pension obligations, nor will it be able to offer essential city services, such as open parks, fixing streets and pot-holes, sidewalk repair, trash collection, and even face cuts in public safety like police, fire and paramedics. It’s simple math. In 2002, the City of Los Angeles contributed $220 Million to its three pension fund  ...