L.A. mayor wants to boost retirement age for new employees to 65 and calls for a cap on health subsidies to retired city workers. The city faces a $54-million shortfall now and a $350-million shortfall next year.
Looking to cut costs in the middle of a budget crisis, Los Angeles Mayor Antonio Villaraigosa called Wednesday for an increase in the retirement age for civilian city workers and an immediate freeze on healthcare subsidies paid to retired police officers and firefighters.
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