UPDATE 1-Los Angeles should adopt Warren Buffett pension formula -study
April 09, 2014 at 18:09 PM EDT
LOS ANGELES, April 9 (Reuters) - Los Angeles, faced with nearly $10 billion in unfunded pension and retirement liabilities, should adopt the pension formula used by investor Warren Buffett at Berkshire Hathaway Inc to manage the city's growing retirement costs, a report recommended on Wednesday.