Pension Debt: What Happened to the Nine-Year Payoff
In 2016, voters were told Measure JJ would help pay off the City's pension debt in nine years and save $20 million.
CalPERS' latest published valuation reports $25.3 million in unfunded pension liability, with minimum-payment projections extending to roughly 2040-41.
How did a nine-year payoff become nearly three decades?