Early Retirement Golden Handshakes Withdrawn
Probably old news, but in light of the Fed's investigation of the City's pension funds, Tony V and friends are rethinking all golden handshake offers. Instead of early retirement incentives being offered across the board, cash incentives are now being looked at for "specific individuals only," similar to those given to LAUSD employees.So exactly how does 'deadwood' become a 'specific individual'? It'll be interesting to see how the Mayor and his spokesholes work the selection criteria once it is defined.
Labels: LACERS, pension funds
Posted by Petra Fried in the City @ 5/08/2009 08:08:00 AM
13 Comments:
What LAUSD deals. you mean the ones where teachers are paid $60-70k a year not to teach?
How accurate is this info, and are there any links to sources?
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petra made the post and HALF of the comments!
look sweet cheeks, you aren't supposed to respond to everything. you had the post, now leave the rest for US to discuss you attention whore.
ok, thanks for the info.
Wait - here:
http://www.eaaunion.net/Early_Retirement_Incentive_Program_Update_May_7_434.page
No one who is near retirement would take a cash buyout instead of sticking around to retire.
They might be thinking about targeting high-paid employees with little invested in the retirement system. But those would tend to be paid people who are exempt from civil service and could be fired anyway.
That leaves lower-paid civil servants with little seniority, the very ones who would get laid off if there were to be any layoffs.
So if the unions can't agree with the city to something, all the departments will be taking an extra 10% reduction, beyond the 10% proposed by the mayor, to protect the jobs of some newer city employees who do who knows what?
it's the power of the unions.
Must you smear everyone on this blog 10:43 AM? Petra has my attention because her well written posts are informative. Please stop calling her an attention whore.
does higby approve of this insulting photo of ronald macdonald?
Who REALLY pulled the plug from this pot-o-gold retirement plan? Doesn't the Mayor own the Executive Employee Relations Committee (EERC) since he appoints those five puppets? Why did the Mayor back down?
Did the Unions say no??? Were the Unions afraid to lose their trusted, lifer zombies to retirement and then away from the union fold?
UNION POWER GRAB IS ON... Engineers and Architects Association (EAA) www.eaaunion.net votes to merge into the Service Employees International Union (SEIU) www.seiu.org
http://www.eaaunion.net/EAA_IS_HERE_TO_STAY_433.page --->
May 7, 2009 – Tentative results are in for the representation election. However, 3 of the units have sufficient numbers of challenged ballots to affect the outcome. Over 70% of the ballots mailed to EAA-represented employees were returned, an impressive number. The actual number of votes cast in each unit follows:
EAA IS HERE TO STAY
MOU 1: Voted to protect their union, stay in EAA.
EAA: 859
SEIU: 568
No Union: 17
Challenged: 123
Void: 7
MOU 8: ERB to resolve challenged ballots due to large number of challenges. Runoff election likely.
EAA: 453
SEIU: 489
No Union: 36
Challenged: 75
Void: 5
MOU 17: ERB to resolve challenged ballots & irregularities in the ballot counting. Runoff election likely.
EAA: 165
SEIU: 180
No Union: 9
Challenged: 19
Void: 0
MOU 19: Voted to protect their union, stay in EAA.
EAA: 108
SEIU: 88
No Union: 4
Challenged: 8
Void: 12
MOU 20: Voted to protect their union, stay in EAA (ERB must resolve challenges, but number of challenges is small compared to vote margin). No runoff expected.
EAA: 497
SEIU: 392
No Union: 34
Challenged: 77
Void: 0
MOU 21: Voted to protect their union, stay in EAA.
EAA: 659
SEIU: 269
No Union: 7
Challenged: 68
Void: 5
Remember that the procedures require a successful choice to obtain 50% + 1 of the votes counted after disposition of all challenged ballots. If no choice receives this amount, a runoff election is scheduled between the 2 choices receiving the highest numbers of votes.
EAA thanks everyone who voted to protect his or her union. Your effort in learning the facts and returning your ballot is appreciated.
<---------- the mexicans want more power
THE UNIONS ARE RESPONSIBLE FOR MUCH OF THE DEBT IN THIS CITY. THEY DO A SERVICE BUT AT WHAT COST. WE HAVE TO CLAMPDOWN ON THEM FINANCIALLY AND WHEN THEY LEAVE REPLACE THEM WITH MORE AFFORDABLE HELP. THE PRIVATE SECTOR OF BUSINESS COULD PROVIDE SERVICES AT COMPETITIVE PRICES. THERE ARE ALTERNATIVES WHICH WOULD NOT EFFECT QUALITY OF SERVICE AND IN MANY CASES IMPROVE SERVICES AS A RESULT OF COMPETITION. RUSSIA HAD STATE RUN SERVICES AND THEY WEREN'T EFFECTIVE. WE NEED TO OPEN OUR EYES TO NEW APPROACHES TO OLD PROBLEMS. COMMUNITY FORUMS COULD BE USED TO GATHER VARIOUS IDEAS ON HOW TO TACKLE THESE PROBLEMS. OUR SCHOOLS COULD BE IMPROVED THIS WAY BY CONTRACTING THE BEST TEACHERS AND ADMINISTRATORS OUTSIDE LAUSD RULE.
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