Summary
El Monte is one of the only major cities in the San Gabriel Valley whose workers cannot earn more in retirement than what they made as employees, according to city officials.
El Monte, with a population of 126,000, pays its non-law enforcement retirees about 3 percent of their highest yearly salary for every year worked until age 55 -- at least half a percent more than its counterpart cities with more than 100,000 population in the Valley. But it caps those benefits at 100 percent of the total they were making per year at retirement time, said Matthew Weintraub, a city spokesman.See the full content of this document
Extract
Pay Caps Help City, for Now
The other 100,000-plus cities -- Pasadena, Pomona and West Covina -- do not place caps on their general employees' retirement benefits.
El Monte capped its benefits, according to Weintraub, because of residents' concerns that the...See the full content of this document
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