Retirement costs will take a larger share of L.A. budget, estimates show

Pension and healthcare costs for police and firefighters are projected to rise from $506 million of the general fund budget this year to $789 million by 2016.

Taxpayers in Los Angeles will see retirement costs for police officers and firefighters climb by 56% over the next four years, even after voters approved a March 2011 ballot measure that trimmed the pension benefits paid to new hires, according to projections released by city budget officials.

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