Business Leaders Want Reform in L.A. Pension Costs

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Los Angeles business leaders on Wednesday 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. The Los Angeles Times reports that, unlike a plan by Mayor Antonio Villaraigosa that would affect only new city employees, the group’s proposal would open the door for salary reductions for current staff.

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