TITLE

San Diego Eyes $200M Pension Deal

AUTHOR(S)
Saskal, Rich
PUB. DATE
July 2004
SOURCE
Bond Buyer;7/21/2004, Vol. 349 Issue 31930, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on San Diego, California's plans to sell at least $200 million worth of pension bonds, as the city tries to recover from more than $1.2 billion of unfunded acrrued actuarial liabilities in its pension system. Disclosure notices filed by the city which revealed its pension liabilities; Effects of San Diego's financial woes on its credit ratings.
ACCESSION #
13865189

 

Related Articles

  • Milwaukee County Board to Vote on Long-Planned $400M Pension Deal. Shields, Yvette // Bond Buyer;11/4/2008, Vol. 366 Issue 32996, p3 

    The article reports that the Milwaukee County board will decide on a long-planned $400 million general obligation bond issue to address the growing burden of its unfunded pension liability in Wisconsin. According to the author, the fund had an unfunded liability of $406 million based on the...

  • 'Govt has seriously underestimated pension liabilities' Phillipps, James // Money Marketing;2/24/2005, p20 

    Reports on the level of unfunded public-sector pension liabilities in Great Britain. Underestimation of pension liabilities by the British government; Reason for the high level of pension liabilities; Discount rate to be used in calculating liabilities.

  • Provider's Pulpit. Allison, John // International Money Marketing;Jun2004, p12 

    Focuses on the benefits and risks that companies may derived from pensions in Great Britain. Use of bonds in reducing the risk of a shortfall on a company pension promise; Risks associated with pensions on the part of the company; Views on pension liabilities.

  • Understanding Pension Obligation Bonds. Nicholl, Kim; Strom, Matt // Benefits & Compensation Digest;Jul2007, Vol. 44 Issue 7, p22 

    The article offers information on pension obligation bonds in the U.S. Pension obligation bond is a financing instrument designed to relieve the issuer of some portion of its annual pension contribution. The authors explain how pension plans are funded, along with a discussion on actuarial...

  • San Diego County OKs $485M ARS Refunding, $395M Revenue Issue. Ward, Andrew // Bond Buyer;6/26/2008, Vol. 364 Issue 32907, p4 

    The article reports that the San Diego County Board of Supervisors in California has approved plans to refund $485 million of auction-rate pension obligation bonds. The board also plans to issue $395 million of lease revenue bonds for the construction of a county operations center. According to...

  • Oregon Finds Good Fit With Taxable Debt. Saskal, Rich // Bond Buyer;2/4/2004, Vol. 347 Issue 31814, p1 

    Reports on the unity of school districts to reduce their pension liabilities by issuing taxable pension obligation bonds (POBs) in Oregon. Price of POBs; Similarity of structure and security; Aim to reduce unfunded liabilities to the Oregon Public Employee Retirement System.

  • Super liabilities till 2045.  // Super Review;Aug2006, Vol. 20 Issue 7, p10 

    The article highlights the results of an investigation which shows that the Australian federal government will still be carrying unfunded superannuation liabilities from its closed CSS and PSS schemes until 2045. The investigation was conducted for the Commonwealth by Mercer Human Resources...

  • Who Will Rescue Our State Economy? Moffly, Jack // Greenwich Magazine;Nov2012, Vol. 65 Issue 11, p27 

    The author discusses the financial disposition of the state of Connecticut based on the cover story of "Barron's Magazine." The combined liabilities of Connecticut represents 17% of the gross domestic product enlisting it as the worst state in the column of the financial publication. He explains...

  • Milwaukee Co. Sets $400M Pension Deal as OPEB Costs Jump. Shields, Yvette // Bond Buyer;3/9/2009, Vol. 367 Issue 33076, p3 

    The article reports that Milwaukee County has prepared its $400 million taxable pension issue for sale in the wake of market losses in Wisconsin. The fund is claimed to generate present-value of roughly $33.5 million over the life of the debt. The county projects a long-term earnings rate of...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics