{"id":30811,"date":"2013-03-23T00:40:15","date_gmt":"2013-03-22T23:40:15","guid":{"rendered":"http:\/\/feedproxy.google.com\/~r\/Truthdig\/~3\/AOXtec-YRAI\/"},"modified":"2013-03-23T00:40:15","modified_gmt":"2013-03-22T23:40:15","slug":"broke-l-a-cuts-million-dollar-checks-to-cops-and-firefighters","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/broke-l-a-cuts-million-dollar-checks-to-cops-and-firefighters\/","title":{"rendered":"Broke L.A. Cuts Million Dollar Checks to Cops and Firefighters"},"content":{"rendered":"
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Broke L.A. Cuts Million Dollar Checks to Cops and Firefighters<\/h2>\n
\"Email Email<\/a> \u00a0 \"Print Print<\/a> \u00a0 \"Share Share<\/a><\/div>\n
Posted on Mar\u00a022,\u00a02013<\/h6>\n\n\n\n\n
\"\"<\/span><\/td>\n<\/tr>\n
John Liu<\/a> (CC-BY)<\/a><\/span><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/table>\n

A little-known pension scheme in the City of Angels lets public safety workers double-dip at the taxpayers\u2019 expense.<\/p>\n

The Deferred Retirement Option Plan allows longtime police and firefighters who game the system right to retire with lump sum payments that average around $300,000, but go as high as $1 million. This in a city that is running at least $150 million<\/a> in the red.<\/p>\n

Voters in L.A. recently rejected a half-cent sales tax increase that would have helped reduce the city\u2019s budget deficit.<\/p>\n

Local public television station KCET has been reporting on the DROP pension scandal:<\/p>\n

\u2013Posted by Peter Z. Scheer. Follow him on Twitter: @peesch<\/a>.<\/em><\/p>\n


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\n

Broke L.A. Cuts Million Dollar Checks to Cops and Firefighters<\/h2>\n
\"Email Email<\/a>    \"Print Print<\/a>    \"Share Share<\/a><\/div>\n
Posted on Mar 22, 2013<\/h6>\n\n\n\n\n
\"\"<\/span><\/td>\n<\/tr>\n
John Liu<\/a> (CC-BY)<\/a><\/span><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/table>\n

A little-known pension scheme in the City of Angels lets public safety workers double-dip at the taxpayers’ expense.<\/p>\n

The Deferred Retirement Option Plan allows longtime police and firefighters who game the system right to retire with lump sum payments that average around $300,000, but go as high as $1 million. This in a city that is running at least $150 million<\/a> in the red.<\/p>\n

Voters in L.A. recently rejected a half-cent sales tax increase that would have helped reduce the city’s budget deficit.<\/p>\n

Local public television station KCET has been reporting on the DROP pension scandal:<\/p>\n

—Posted by Peter Z. Scheer. Follow him on Twitter: @peesch<\/a>.<\/em><\/p>\n


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If you have trouble leaving a comment, review this help page<\/a>. Still having problems? Let us know<\/a>. If you find yourself moderated, take a moment to review our comment policy<\/a>.<\/p>\n

Please enable JavaScript to view the comments powered by Disqus.<\/a><\/p>\n<\/div>\n

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