Pot of Gold
PROPOSITION R WAS APPROVED by Los Angeles voters to soften term limits for the Los Angeles City Council, whose members placed the measure on the ballot last year after a hurried and controversial vote. But the money pot the council created for itself via Prop. R went virtually unreported by the media:
. All current and former City Council members, if they win a third term (giving them 12 years on the council), will reap about $700,000 in additional salary. The council, already the highest-paid big-city council in the nation at a stunning $171,168 per year, receives a sizable raise each time California Superior Court judges get raises.
. A handful of City Council members — those who have not previously worked for government — will, during a third term, pass a 10-year employment threshold. Passing the 10-year mark qualifies them for lifelong health-care subsidies of about 50 percent already being reaped by the rest of the City Council, according to the city’s Personnel Department, amounting to about $1.25 million to $2.5 million per council member by age 82.
. Any council member who wins a third term — including any former council member, such as Richard Alarcón — will, based on a conservative estimate, reap $300,000 in additional pension, for a total pension of more than $1 million, according to city officials. Because of expected salary raises, which are likely to boost City Council pay past $200,000 in a few years, the pension pot will also grow.
. With a sizable fortune in extra pay and benefits awaiting them, many current and former City Council members are expected to begin eyeing another run for City Hall.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss LA Weekly's biggest stories.
- Hot in the City Tonight: DUI Crackdown Hits L.A.
Sat., Oct. 10, 6:05pm
Sun., Oct. 11, 1:00pm
Sun., Oct. 11, 3:30pm
Sun., Oct. 11, 6:30pm
- Historic Marijuana Dispensary Legislation Signed Into Law
- L.A. Officials Approve Raising Your Rent in the Name of Earthquake Safety