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Your GPW Editor-on-Occasion is Petra Fried in the City.
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Meanwhile, the Mayor's E-RIP/Golden Handshake plan goes back to the LACERS (City pension) committee which is loaded with mayoral appointees. In other words, it sounds like the City Council did nothing... except perhaps improve their bargaining position by getting closer to being able to implement layoffs immediately -- something they should have done on January 1st so the trigger could have been pulled on this bargaining chip before the July 1 start of the new 09-10 fiscal year, not six months from today's date.
More details via the latest LA Times article.