Local TREND. Pension Bonds. 3 Points from Opponents in Chicago.

• City’s Credit Worthiness Could take a Hit.  “a hard liability (pension bonds) over a soft liability it can be seen as increasing the risk to the city’s credit quality”
• 2003 failure repeat.  Illinois  issued $10 Billion in pension obligation bonds in 2003 with no help to funding ratios in the pension systems
• Manageable Contribution Schedule.  Bonds must include a required manageable contribution schedule 

Bond Buyer | Chicago’s case for issuing pension bonds.