Review of County’s Pension Risk Sought
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From a Times Staff Writer
An independent advisor should review whether Orange County’s future payments for pensions and retiree health benefits could bankrupt the county, Board of Supervisors Chairman Bill Campbell said Tuesday.
About 810 workers -- nearly three times the normal rate -- are expected to retire in July when sweetened pension benefits take effect.
The exodus will cost about $18.5 million, compared with the $7-million annual average paid through the county’s retirement system.
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