Pension Crisis

LA Retirement System Accused of Concealing Pension Payouts of City Leaders

Claims they don't have records and refuse to answer questions

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During the reporting of the widely read L.A. Weekly cover story, "Antonio Villaraigosa's Quest for Wall Street, Washington and Wealth," Los Angeles City Employees' Retirement System (LACERS) chief Thomas Moutes refused* to tell the paper what kind of big bucks taxpayers will be shelling out for Villaraigosa's pension, although that's public information.

Moutes recently pulled a similar routine with longtime City Hall reporter Rick Orlov of the Los Angeles Daily News, but Orlov managed to figure out Villaraigosa's and other city officials' pensions on his own. In fact, when Orlov went back to LACERS to confirm his numbers were accurate, Moutes and his gang refused to do even that little bit of work for the public's benefit.

What's going on over at LACERS?