| Dec 6, 2014
| 4:49 PM
The city of Burbank is giving a raise to its 11 department managers and two of its elected officials, but it’s also asking them to pitch in more for their state retirement benefits.
Last week, the Burbank City Council unanimously approved a...
| Dec 5, 2014
| 3:00 PM
Costa Mesa's outgoing police chief will receive an annual pension of about $185,000 on top of a $167,812 salary when he starts a new job at the Port of Los Angeles, city officials said.
Chief Tom Gazsi is retiring from the Costa Mesa Police Department...
| Dec 8, 2014
| 6:23 PM
The deputy police chief for the Port of Los Angeles — whose first day on the job was Monday — will earn more than $350,000 a year by collecting a pension on top of his new salary.
Tom Gazsi retired as police chief in Costa Mesa on Sunday and...
| Nov 19, 2014
| 12:55 PM
Huntington Beach has found a way to help pay down its growing employee pension costs.
City Council members voted 6 to 0 on Monday, with Mayor Matthew Harper absent, to gradually increase the franchise fee the city charges trash collector Rainbow...
| Nov 21, 2014
| 5:06 PM
The Newport Beach City Council will consider a plan Tuesday night to more quickly fund employee pensions.
Instead of rolling forward the unfunded pension liability — the difference between the amount the city will owe in retirement benefits and...
| Oct 23, 2014
| 4:00 AM
The board of the California Public Employees' Retirement System voted to add to a recent pension reform law 99 bonuses that can boost workers' current paychecks and also their future pensions. Here are some of these retirement-enhancing bonuses:
| Oct 26, 2014
| 5:00 AM
To the editor: Why should a library staff member receive a bonus for helping a patron? Why should a jail worker receive a bonus for answering a question from the public? Surely those activities are part of the employee's job description. ("99 ways to...
| Oct 29, 2014
| 4:56 PM
In a closely watched case, a federal judge on Thursday is expected to decide whether the bankrupt city of Stockton can continue to pay employees generous pensions that soon could consume one-fifth of municipal revenues.
The ruling has been much...
| Oct 2, 2014
| 11:13 AM
The investment house Franklin Templeton's effort to knock down the city of Stockton's proposal to emerge from bankruptcy portrays the case as one in which Franklin is defending itself against three big, faceless adversaries.
These are CalPERS,...
| Oct 30, 2014
| 1:13 PM
A federal bankruptcy judge approved the city of Stockton’s bankruptcy recovery plan, allowing the city to continue with planned pension payments to retired workers.
The case was being closely watched after the judge ruled this month that the city&...
| Oct 30, 2014
| 5:41 PM
Could a city in bankruptcy be required to cut its employees' pensions as part of its reorganization plan, as a matter of fairness to other creditors taking cuts? Christopher M. Klein, the chief federal bankruptcy judge in Sacramento, answered that...