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(Credit: AP)

LADWP Faces Pension Problems

The DWP says it can’t afford retirement costs for 1,600 workers transferred from other city agencies to help the city avoid layoffs and furloughs.


(credit: CBS)

Report: Bell Police Chief Filed False Disability Pension Claim

The corruption charges keep piling up against officials in the city of Bell, and now a new report says the police chief may have skirted pension taxes by filing a false disability claim.

KNX 1070 NEWSRADIO–09/23/2010

(Credit: AP)

Report: CalPERS Doled Out Bonuses, Raises

As its investment portfolio was losing nearly a quarter of its value, the country’s largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found.