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06/06/2012

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Los Angeles labor leaders are coming out swinging against former Mayor Richard Riordan's push to place an initiative on next year's ballot switching new city workers into 401(k)-style retirement plans.
Tyler Izen, president of the Los Angeles Police Protective League, on Tuesday challenged Riordan to three public debates on the merits of his plan before Dec. 7. That's the deadline Riordan has set to collect roughly 265,000 signatures to qualify his measure for the May ballot.

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Former Los Angeles Mayor Richard Riordan's plan for cutting city pension costs took center stage at Wednesday's mayoral forum in Koreatown, with three of the four leading candidates in the March 5 election speaking against it during or after the event. Former federal prosecutor Kevin James was the only candidate at the forum, sponsored by the nonprofit Korean American Coalition, to speak in favor of Riordan's plan, which would move newly hired city employees into 401(k)-style plans, not government pensions.

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Management Matters Blog

  • This is a showcase of research by UCLA Anderson faculty addressing some of the daunting challenges of the 21st Century, many of which have key management elements. It asks what role firms and governments should play in building a sustainable future, and how might we respond to issues beyond the scope of existing organizations.