Health Care Delivery Services Inc., Los Angeles, has reached a settlement with the Labor Departments pension office over losses of $208,564 incurred by the companys pension plan. The losses occurred when the company siphoned off assets from its pension plan to pay business expenses. The pension plan received the money removed by the company $157,300 plus interest. The Labor Department had sued the company and its chief executive, Clemente Sainten as well as others on the companys pension board on Aug. 7, 1998, for breaches of federal pension law. Under the settlement, Mr. Sainten cannot serve as a fiduciary to any federally regulated pension plan.