San Diego doesn’t have to accept spiraling public pension costs

San Diego doesn’t have to accept spiraling public pension costs

San Diego is headed back into a public pension crisis it worked so hard to escape. A court-mandated reopening of its defined benefit pension system has revived the same structural risks that previously led to San Diego’s skyrocketing public pension debt. But San Diego doesn’t have to accept spiraling public pension costs as inevitable. Other cities and states have successfully contained these pension risks by adopting risk-sharing strategies tha…