SAN FRANCISCO — Oakland is eying a controversial plan to sell bonds to help extend a “holiday” from paying growing public-safety pension liabilities, a return to a strategy the city invented 25 years ago.

City staff is working on a proposal for the City Council to seek another five to seven-year break from paying its police and fire employees retirement-system pension liabilities. The plan includes issuing around $225 million of pension obligation bonds, according to Joseph Yew, Oakland’s treasurer and finance director.

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