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Pension and Welfare

A collection of news and information related to Pension and Welfare published by this site and its partners.

Top Pension and Welfare Articles

Displaying items 25-36
  • Greg Krikorian's ambition is tragic

    This reader chuckled when reading your article titled, “Krikorian goes after Gatto's Assembly seat” on March 11, in which Glendale Unified school board member Greg Krikorian described himself as a moderate who wanted to tackle pension reform,...
  • Approved union contract suspends bonus pay, keeps crossing guards

    The City Council on Tuesday signed off on a three-year contract that suspends bonus pay and increases employee pension contributions for the city’s largest union — moves that will help the city keep school crossing guards on its payroll,...
  • 99 Cents Only Stores agrees to $1.6-billion buyout offer

    99 Cents Only Stores agrees to $1.6-billion buyout offer
    99 Cents Only Stores Inc. has agreed to be taken private in a deal valued at about $1.6 billion, the City of Commerce deep-discount retailer said Tuesday, after months of talks with several groups interested in buying the company. The chain said it had...
  • Management union agrees to concessions

    The Burbank Management Assn. this week became the latest group of city employees to forgo bonuses and contribute to their pensions. The City Council on Tuesday approved the new contract, which runs through June and will require managers to start paying...
  • City manager rejects initial raise, starts pension contributions

    City manager rejects initial raise, starts pension contributions
    Burbank City Manager Mike Flad’s contract — renewed last week through 2016 — includes a modest pay raise and a new hybrid vehicle, but for the first time, he’ll start contributing to his pension, mirroring similar moves taken by...
  • City expected to face deficits in the millions

    While Glendale ended last fiscal year with more money on hand than expected, the city can expect to experience deficits in the millions of dollars, according to the annual comprehensive financial report released this week. The 208-page report gives a...
  • Couple pleads guilty to embezzlement

    A couple who owned three Glendale-based post-production film companies pleaded guilty Tuesday to embezzling more than a $1 million — a portion of it from their employees’ retirement fund, but the lion’s share for not paying their...
  • Glendale council and union strike a deal

    The City Council struck a deal with Glendale’s largest union this week to reverse a 1.5% pay cut council members imposed on the Glendale City Employees Assn. in 2010. Although the pay cut for the 750-member union will be lifted, rank-and-file...
  • After impasse with IBEW, Glendale City Council imposes pay cut on utility workers

    After impasse with IBEW, Glendale City Council imposes pay cut on utility workers
    More than 200 Glendale Water & Power employees and their union comrades packed City Hall Tuesday night to protest a contract that cuts their pay by 1.75%. Despite the showing, the City Council — unable to reach a deal with the International...
  • Glendale officials to see black ink

    Glendale officials say they expect the city to end the fiscal year next month $3.9 million in the black — money that could be used to shore up worker compensation and other funds that are in severe need of replenishment. In addition to the surplus...
  • Glendale pays big pension numbers

    Glendale pays big pension numbers
    As Glendale struggles to get a handle on its growing pension obligations, records show that about 11% of the nearly 1,350 city retirees draw annual pensions of more than $100,000 a year — and some of them far more than that. At the top of the list...
  • Former city workers retired, but still working

    Former city workers retired, but still working
    Former Glendale Police Capt. Ray Edey is not one to relax, so when he had the opportunity to return to writing grant applications for the city in September 2011, about a week after he retired, he took it. "I don't golf, fish or hunt," said the 30-year...