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L.A. pensions may consume a third of city's general fund by 2015

Aug 3, 2010 10:35:00 PM - latimes.com
City administrative officer reports that benefits for retired police, firefighters, DWP workers and other city employees could grow by $800 million in the next five years.

The cost of retirement benefits for Los Angeles city employees will grow by $800 million over the next five years, dramatically eroding the amount of money available for public services to taxpayers, according to a report issued Tuesday.