Tuesday, September 18, 2012

L.A. pension plan would hike retirement age

http://latimesblogs.latimes.com/lanow/2012/09/la-officials-move-ahead-with-plan-for-cutting-employee-pensions.html

A buget official proposes the normal retirement age be increased from 55 to 65 and that pension benefits also be cut for a savings of up to $70 million within five years.

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