Union Fires Back At Riordan Over Pension Proposal, Calls Plan "Mean"
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Kevin Scanlon One union has already come out swinging against a new plan from former L.A. Mayor Richard Riordan to privatize future pension investments.
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."
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