County Pension Funds

Ventura County employee retirees recently lost the supplemental portion of their retirement payments. Earlier in the year, retirees received from the Retirement Board a long, vague and rambling letter stating these supplemental payments could no longer be afforded.

It seems more than obvious that the investment practices of the Retirement Board should be investigated. How could it be at a time of steady gains in the conservative investments of private citizens, the County Retirement Board cannot afford to continue to pay supplemental payments? Could this be a mini Orange County debacle?

RON BLANCHETTE

Ventura