California Mayor Asks for Prayers as Her City's Bankruptcy Loom...

09/26/12

California Mayor Asks for Prayers as Her City's Bankruptcy Looms
San Francisco Chronicle
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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