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CALIFORNIA | LOCAL
May 14, 1992 | FREDERICK M. MUIR, TIMES STAFF WRITER
The Los Angeles County Board of Investments on Wednesday demanded that the Board of Supervisors begin setting aside $265 million needed to bankroll the liberal pension rules quietly adopted last year. Investment board members, who oversee the $13-billion county pension fund, voted unanimously to request that the county pay off the liability in 16 years--at an annual cost estimated at more than $19 million.
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CALIFORNIA | LOCAL
May 14, 1992 | FREDERICK M. MUIR, TIMES STAFF WRITER
The Los Angeles County Board of Investments on Wednesday demanded that the Board of Supervisors begin setting aside $265 million needed to bankroll the liberal pension rules quietly adopted last year. Investment board members, who oversee the $13-billion county pension fund, voted unanimously to request that the county pay off the liability in 16 years--at an annual cost estimated at more than $19 million.
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CALIFORNIA | LOCAL
April 23, 1992 | FREDERICK M. MUIR and RICHARD SIMON, TIMES STAFF WRITERS
The Los Angeles County Board of Investments on Wednesday postponed a decision on how to finance a $265-million liability created by controversial pension rules until the Board of Supervisors studies the problem. The investment board was set to act on a staff proposal to seek an additional $18 million a year for the next 30 years to pay for the pension increases. But board members agreed to postpone a decision at the request of supervisors.
CALIFORNIA | LOCAL
May 14, 1992 | FREDERICK M. MUIR, TIMES STAFF WRITER
The Los Angeles County Board of Investments on Wednesday demanded that the Board of Supervisors begin setting aside $265 million needed to bankroll the liberal pension rules quietly adopted last year. Investment board members, who oversee the $13-billion county pension fund, voted unanimously to request that the county pay off the liability in 16 years--at an annual cost estimated at more than $19 million.
CALIFORNIA | LOCAL
October 10, 1985 | TED VOLLMER, Times Staff Writer
The Los Angeles County Board of Investments, declaring that South Africa is an "unstable nation both politically and economically," voted unanimously Wednesday to steer future stock purchases using the county's $5-billion pension fund away from companies doing business in that strife-torn country. The decision does not require a ban on investing in all South Africa-connected enterprises, but it does require the board to invest elsewhere if the alternative is just as financially sound.
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