LA mayor considers police, firefighter pension program reform

Author: Chief Joel F. Shults, Ed.D. By Jack Dolan and Ryan Menezes Los Angeles Times LOS ANGELES — A proposal to limit the amount of paid time off that veteran Los Angeles police and firefighters can take while in a controversial retirement program would save nearly $13 million in the first year, according to a city report. The Deferred Retirement Option Plan, or DROP, pays participants their salaries and pensions simultaneously for the last five years of their careers. Since the...