Southern California

Cash-Strapped Los Angeles Overpaid Police Pension Fund by $40 Million: Controller

The spending error adds to the city’s ongoing fiscal crisis, according to the city’s Controller, Kenneth Mejia.
Cash-Strapped Los Angeles Overpaid Police Pension Fund by $40 Million: Controller
Los Angeles City Hall on Aug. 7, 2024. John Fredricks/The Epoch Times
Jill McLaughlin
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The city of Los Angeles overpaid police pensions this fiscal year by about $40 million, Los Angeles City Controller Kenneth Mejia announced in a social media video on May 20.

The overpayment comes at a time when the city’s financial picture is “dire” as it faces a $1 billion budget deficit and hundreds of staff layoffs, he said.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.