County pensions need $200 million

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. Troy Anderson in the Daily News.

If the additional funding is approved, the taxpayer tab for county employees' pensions would soar in the fiscal year beginning Thursday from $787 million to $987 million.

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 in addition to enhanced pensions for the legions of county-employed baby boomers reaching retirement age.