Last night, former Mayor Richard Riordan told the L.A. Weekly that he was about submit papers to start gathering signatures for a charter amendment that would completely overhaul how pensions are doled out to city employees. (The papers will be submitted Monday morning.)
The SEIU -- which represents about 10,000 city employees -- is already fighting back.
"Contrary to what Richard Riordan says, his pension plan wouldn't save L.A., it would wreck it," union president Bob Schoonover said in a statement. "The plan is wrong-headed, lacks factual support and just plain mean."More »