Following in the footsteps of recent votes to curtail publicpension programs in both San Diego and San Jose, Calif., LosAngeles' mayor says he too may be interested in taking the issuesto voters in the coming year.
According to Reuters, Mayor Antonio Villaraigosa told the U.S.Conference of Mayors Thursday that he's made the proposal to L.A.'scity council and that if they can't handle the issue, it will go ona ballot next year.
Villaraigosa's plans include raising the retirement age forworkers to 67 and capping pensions at 75 percent of employees'working salaries, as well as dropping the cost-of-livingadjustments on existing pensions.
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