Summary
Stung by an $8 billion pension fund loss last year, Los Angeles County supervisors will be asked today to spend an additional $200 million to shore up its wilting retirement system.
If the money is approved, the taxpayer tab for county employees' pensions would soar in the fiscal year beginning Thursday from $787 million to $987 million.See the full content of this document
Extract
Pension Group Seeks More
And officials warned that additional increases would be needed in future years - with the price tag for taxpayers reaching $2 billion by 2015 - to cover investment losses and enhanced pensions for the legions of co...
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