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L.A. DWP can't cover retirement cost of workers hired from other city agencies

Oct 14, 2010 3:00:00 AM - latimes.com
The transfer of 1,600 city workers facing layoffs and furloughs to the utility has created a $183-million pension burden. DWP tried to suspend full pension coverage, but the City Council vetoed its plan.

Facing new pressures on its pension system, the Los Angeles Department of Water and Power says it can no longer cover much of the retirement cost for the employees it has hired away from other city agencies.

USA, California: (Latest Stories)