Opinion: 'Smoothing' San Diego pension payments pushes fiscal pain to future budgets at high cost [Opinion]
The idea of “smoothing” the annual payments that governments make to meet their long-term pension-financing needs has a surface appeal. In late summer, the city of San Diego pension board is expected to take up a plan toby about $100 million over the expected $420 million to $450 million now set to be paid over each of the next 12 years.
85 billion pension debt by $300 million to $1 billion — the more aggressive the “smoothing,” the higher the sum.of this approach then elected leaders and those who advise them.
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