POBs in Riverside

Saskal, Rich
January 2005
Bond Buyer;1/28/2005, Vol. 351 Issue 32059, p37
Trade Publication
The article reports that Riverside County is moving ahead with plans to sell $400 million in taxable pension obligation bonds (POB). The county's board of supervisors have approved a plan to sell the POBs to help close the county's unfunded accrued actuarial liability for its non-public safety employees enrolled in the California Public Employees' Retirement System. According to a staff report prepared for the board the county's retirement plan for its public safety employees is 89% funded, while the plan that covers other employees is 83% funded.


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