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San Diego may slow pension debt payments to use funds elsewhere

Posted On: Apr. 10, 2023 10:05 AM CST

San Diego may soon get a reprieve of roughly $100 million per year when the city’s pension board considers revamping its long-term plan to pay off nearly $3 billion in projected debt, the San Diego Union Tribune reports. City officials say the money could be used to address urgent issues like crumbling infrastructure and severe staffing shortages they have blamed for inefficient delivery of neighborhood services. The city’s actuary says he’ll present the pension board with options this summer for scrapping an existing plan to aggressively pay down the debt.