Governments across the country now are facing problems long familiar to San Diegans: spiraling pension debts.
Room For Debate, a blog at The New York Times, asked me to contribute an overview of the city’s pension problems for a series of commentaries it published beginning last night.
The nut of my take:
San Diego should be a cautionary tale for governments seeing pension crises for the first time. Even though the city already has made many of the fixes now proposed elsewhere, San Diegans remain burdened by pension payments eating up more and more tax dollars each year.
Read my whole post here, as well as comments from pension experts across the country.
— LIAM DILLON