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The City prepared explanatory text for the November 2, 2021 referendum item for $145 million of pension obligation bonds.
The City is considering Pension Obligation Bonds (POBs) as a potential way to fund pension liabilities at a lower long-term cost to its citizens. Here are some materials that explain this concept.
June 29, 2021 Video of POB Presentation
June 29, 2021 POB Presentation Slides
POB Summary Sheet
POB Frequently Asked Questions