Los Angeles City Pension Costs Jump Again | FOX 11 News

The story below highlights what is going to become a frequent occurrence--city and state budgets will be strained by large payments that need to be made to public employee pensions. In this case, the City of L.A. is paying $500 million into the pension of fire and police employees for the next fiscal year One reason for the huge payments is that pension fund administrators made overly-optimistic assumptions about the returns they could generate on their investments. As pensions adjust their assumptions to match today's lower return reality, look for more announcements like this one. Los Angeles City Pension Costs Jump Again | FOX 11 News.