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14 local cities grapple with pensions

Fourteen of the 18 cities within San Diego County will see an increase in their pension payment in the upcoming fiscal year, with a total debt of $800 million, according to a report from the San Diego Taxpayers Association.

A major part of the problem is that the pension systems had been expecting much higher rates of return on their investments than the markets have generated lately.

The association estimated that residents of Del Mar are paying close to $600 per household a year to support the city's pension system -- the highest amount in the county.

At the lower end, residents in Imperial Beach are paying an average of $92 per household.

The association singled out Solana Beach for its management of its pension. It expects to cut pension costs by 7 percent in the next fiscal year.


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