Pension Obligation Bonds

Explanatory Text

The City prepared explanatory text for the November 2, 2021 referendum item for $145 million of pension obligation bonds.

Presentation Materials Prepared Prior to City Council Vote on August 2, 2021

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

POB Presentation Slides

2021-06-30 POB Slide