+1 City Pension Obligation Bonds

What’s happening? Add Santa Rosa, California to the list of cities that may offer pension obligation bonds to shore up its pension liabilities. It can result in a win for the city if returns exceed the interest paid to bond holders.

Why is this important? Texas cities have talked about it.

How will this be important? Pension types say that the 2008 financial crisis will be felt in the pension world over the coming decade. Pension systems will be looking for ways to cover the disparities created during the 2008 event.

Santa Rose Press Democrat via Governing | Santa Rosa May Sell Bonds to Reduce Pension Liabilities