SF pensions could further deepen city's debt


The report is called "Pension Tsunami: The Billion Dollar Bubble."

It says the city's pension costs will swell from $413 million to $1 billion a year in the next five years.

Next year alone, some $63 million will come out of the city's general fund to help pension costs.

The grand jury says unless the issues are addressed all other city services could be in jeopardy.

Copyright © 2020 KGO-TV. All Rights Reserved.