County approves increase to pensions

Posted by Rick Orlov on June 30, 2010 5:47 AM | | Comments (0) |

The Los Angeles County Board of Supervisors voted unanimously Tuesday to boost annual taxpayer contributions to its retirement system by $200 million next fiscal year.Troy Anderson in the Daily News.

The move will take annual contributions to nearly $1 billion, a figure which might have to double over the next five years to keep up with funding requirements.

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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.

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County pensions need $200 million was the previous entry in this blog.

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