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Retirement Costs Soon Will Take a Larger Share of Los Angeles Budget, Estimates Show
Los Angeles Times Link to more items from this source
Aug. 19, 2012
"Taxpayers in Los Angeles will see retirement costs for police officers and firefighters climb by 56% over the next four years, even after voters approved a March 2011 ballot measure that trimmed the pension benefits paid to new hires, according to projections released by city budget officials. Pensions and retiree healthcare costs for sworn employees are projected to consume $789 million of the city's general fund budget in 2016, up from $506 million this year[.]"

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