City of San Diego Pension Debt Now Over $3 Billion - San Diego News Desk

City of San Diego Pension Debt Now Over $3 Billion - San Diego News Desk: Written by Thomas Geiser In 2007, San Diego’s pension debt was $1.2 billion. This may not sound like much, but for a single city in California, this is an astronomical sum of money. This debt was caused by rapidly growing pension plans approved at a state level that have been snowballing out of control for …