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San Diego pension debt back over $3B thanks to higher long-term projections for salaries, retiree benefits

Summary by Ground News
San Diego's pension debt will rise above $3 billion again. New analysis shows sharper-than-expected increases in future years. The rise in debt is expected to increase the city's annual pension payment by just over $20 million per year. City officials with less money to spend on libraries, parks, police officers, firefighters, lifeguards.

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San Diego Union TribuneSan Diego Union Tribune
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San Diego pension debt back over $3B thanks to higher long-term projections for salaries, retiree benefits

New analysis says city assumptions on employee longevity, investment returns are sound; proposed slowdown to pension debt payoff to be discussed in January

·San Diego, United States
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San Diego Union Tribune broke the news in San Diego, United States on Saturday, September 9, 2023.
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