US - San Diego's retirement board has voted to speed up the payback of the US$1bn pension fund deficit in the San Diego City Employees' Retirement System (SDCERS), by swtiching from a 30-year to a 20-year payback schedule.
The move will enable the city, which has been under the corruption spotlight for years, to repay the missing money earlier and avoid interest payments. The announcement came as San Diego finally...
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