Pension officials, seeking both to avoid public embarrassment related to hiring the rogue manager and a speedy way to recoup fund losses that are difficult to quantify, agree to the settlement offer and confidentiality provision.
The major provision of the 2009 settlement was the county's agreement to build or acquire 750 units of affordable housing, mostly in white areas, and market them to non-whites in the region.
The tobacco firms are threatening to challenge the inflation-adjustment provision in the courts because they say it is not part of the national settlement agreement.
Also included is a new Department of Defense (DOD) General Provision that would authorize the Secretary of the Navy to receive and retain payment in-kind for the settlement of the longstanding A-12 aircraft contract litigation.