Persistence Pays Off Big: LACERS Board
Supports ERIP
Attend City Council next
Tuesday morning for the implementation
vote!
September 9, 2009
The Early Retirement Incentive Program
(ERIP) cleared another important hurdle yesterday when the full LACERS
Board supported the agreement by voting to accept the 15-year
payback period for ERIP ratified by LACERS participants.
LACERS
staff had recommended a much shorter 5-year payment period, which would
have strained the City budget.
"The well being of
LACERS is directly tied to the city's financial health and the 15 year
repayment is better for the active, retired members of LACERS and the
taxpayers."
-- SEIU 721 President Bob Schoonover
addressing LACERS Board yesterday
Coalition members
e-mailed and called the LACERS Board leading into yesterday's
meeting, and during public comments urged the Board members to think
about the impact of their decision on City services, workers, and
residents. In the end, the board did the right thing.
Now
we need to move our focus to the City Council: It’s Past Time to
Implement ERIP!
Tell City Council: Hurry Up and
Save!
Each day that goes by without active
early retirements under ERIP is a missed chance by the City to save
$500,000 for everyday city services.
City
Council already voted unanimously for ERIP and the Coalition Agreement,
and City workers have already ratified the agreement and deferred
raises.
The next step in formal implementation of ERIP
is adoption as an ordinance. As with all changes in retirement, Council
must hear and vote on it publicly, then wait 30 days before a second and
final vote.
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Join Us at City
Hall:
Monday, September 14,
1pm: Budget & Finance Committee
Tuesday, September 15,
10am: full City
Council
|
Tell the City
Council:
"City workers have done our part, we've put our COLAs on
hold, now it's up to you to act quickly to take advantage of the
millions we can save together by retiring thousands of workers from the
City payroll rather than slashing services through layoffs and
furloughs. We can get through this crisis if we take leadership
together.
"Each day action is delayed costs all of us
$500,000 in savings – or up to 10 jobs per
day.
It is time to move
forward now and implement what we all agreed
to."
Call/Email City
Council:
CD1:
Ed Reyes
councilmember.reyes@lacity.org (213)
473-7001
CD2: Unfilled (213)
473-7002
CD3: Dennis Zine councilmember.zine@lacity.org (213)
473-7003
CD4: Tom LaBonge councilmember.labonge@lacity.org (213)
473-7004
CD5: Paul Koretz paul.koretz@lacity.org (213) 473-7005
CD6:
Tony Cardenas
councilmember.cardenas@lacity.org (213)
473-7006
CD7: Richard Alarcon councilmember.alarcon@lacity.org (213)
473-7007
CD8: Bernard Parks councilmember.parks@lacity.org (213)
473-7008
CD9: Jan Perry jan.perry@lacity.org (213) 473-7009
CD10:
Herb Wesson
councilmember.wesson@lacity.org (213)
473-7010
CD11: Bill Rosendahl councilman.rosendahl@lacity.org (213)
473-7011
CD12: Greig Smith councilmember.smith@lacity.org (213)
473-7012
CD13: Eric Garcetti councilmember.garcetti@lacity.org (213)
473-7013
CD14: Jose Huizar councilmember.huizar@lacity.org (213)
473-7014
CD15: Janice Hahn councilmember.hahn@lacity.org (213)
473-7015
| This
message was sent from: City Coalition, 514 Shatto Place, 3rd floor,
Los Angeles, CA 90020. |
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Persistence Pays Off Big: LACERS Board Supports ERIP