By Jack Humphreville, includes “The City’s two underfunded pension plans, the Los Angeles City Employees’ Retirement System and the Los Angeles Fire and Police Pensions, may no longer be underfunded as a result of blockbuster returns on their investment portfolios for the fiscal year that ended on June 30, 2021. … While the final numbers and the status of unfunded liability/surplus will not be released until early November, the real question is: What will City Hall do with its newfound wealth? … Will the City issue pension obligation bonds to eliminate any liability? …”