You know I'm mentioned more than once that it's a difficult time to be a City employee. (full disclosure, I'm a City employee. This is being written on my own time and on my own computer. No City resources are being utilized in the writing.)
I'd like to highlight this quote from Bernard Parks.
Councilman Bernard C. Parks, who also serves on the committee, would not discuss specifics of the proposal, but voiced fears that the city would not be able to cover the increased pension cost of workers who retire before they are eligible.
"I don't think [the pension system] can afford it," he said.
Did you know that Parks gets $22,000 A MONTH in pension payments from his prior position as Police Chief? That's on top of his salary as a LA City Councilman. I'm leaving out the part that the majority of people retiring under this deal would make a fraction A FRACTION of what he makes a month.