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They opted instead for a more conservative proposal that cuts payments less dramatically in the near term and keeps payments more steady a decade from now
The pension board debated seven payment plan options Friday but will hold a final vote in March
Prospects dimmed Friday for $100 million in extra annual cash San Diego officials had been hoping to get by paying off nearly $3 billion in pension debt much more slowly. Actuary calls idea premature, not compelling; stresses large long-term interest costs