2009-04-12northcountytimes.com

" For years, the county's pension fund has assumed its investments would reap handsome profits ---- more than their contemporaries and more than their own actuary recommended. Now that the stock market has tanked, some critics are warning that those rosy assumptions have left the pension fund in a precarious situation that could soon require millions more in taxpayer money, higher employee contributions or less in benefits for county employees."



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