San Diego’s pension debt climbs past $3 billion for first time

SAN DIEGO (KUSI) – A new analysis shows San Diego’s pension debt has climbed past $3 billion for the first time, forcing the city to increase its annual pension payment by more than $11 million this year despite a projected budget deficit of $84 million.

The climb past $3 billion continues a long and steady series of increases for the pension debt, which was $1.2 billion in 2007.

Former City Attorney Jan Goldsmith was in studio to talk about what this could mean for the city in the future.

Categories: Good Evening San Diego, Local San Diego News