Trend: Cities Creating Pension Stabilization Accounts. 4 Points to Know Now.

• What is the purpose of a pension stabilization account?  it will work like a reserve account to shield a pension from low city contribution years
• How does a reserve account like a pension stabilization work? The city will create a fund equal to 8% of the average of the last 3 years of city contributions to the pension
• Where is this happening? San Diego
• What did the city’s independent budget analyst think? the reserve account is fiscally prudent

Fox 5 | City to consider pension stabilization measures