MWD surrenders as pension spike pulled off the table

Pension Spike

“Less than 24 hours before it was to consider a controversial proposal to increase pension benefits by 25 percent, Metropolitan Water District once again took the item off its agenda, this time for good,” according to the North County Times.

It was the second time Los Angeles-based Metropolitan, Southern California’s biggest water wholesaler, has delayed consideration of the proposal. Its 37-member board of directors was originally scheduled to vote on it on Sept. 15.

This is huge!  Consider this a victory for the Tax Revolt movement. 

Now if only we could do something about the existing public employee pensions that are slowly choking all levels of our local and state government…

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"Admin" is just editors Vern Nelson, Greg Diamond, or Ryan Cantor sharing something that they mostly didn't write themselves, but think you should see. Before December 2010, "Admin" may have been former blog owner Art Pedroza.