A new labor agreement between California's Orange County and its workers is expected to help partially offset the more than $4 billion in pension, health and bankruptcy-related obligations owed to county workers. Supervisors today are expected to approve a labor agreement with 1,200 workers that calls for them to get bigger paychecks over the next three years but no future retirement healthcare costs paid by the county.
See "Union Deal Could Save O.C. Millions", David Reyes, Los Angeles Times, September 26, 2005