TITLE

Pension liability may prompt Portland, Ore., Taxable Issue

AUTHOR(S)
Marois, Michael B.
PUB. DATE
January 1999
SOURCE
Bond Buyer;01/21/99, Vol. 327 Issue 30562, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the possibility that Portland, Oregon finance officials may need to sell as much as $300 million of debt to cover an unanticipated hike in the city's pension liability. Events that caused the hike in liability for all municipal employers across the state; Increase in Portland's unfunded liability from 1991 to 1997; Details of an earlier sale of pension bonds by the city.
ACCESSION #
1488564

 

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