California Mayor Asks for Prayers as Bankruptcy Looms - Businessweek

09/26/12

California Mayor Asks for Prayers as Bankruptcy Looms
Businessweek
Under labor contracts, the city pays all of an employee's 8 percent mandatory contribution for pension costs and 7 percentage points of the 9 percent for police and firefighters. Health-care premiums for city workers increased by 15 percent in 2011 and ...

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