TITLE

Dallas Official Lauds Gap-Closing $540 Million Pension Bond Deal

AUTHOR(S)
Watts, Jim
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/7/2005, Vol. 351 Issue 32065, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the sale of bonds by Dallas, Texas municipality. The sale of these taxable general obligation bonds to support an under-financed pension program will deliver US$540 million to put the city of Dallas' pension plan on a actuarially sound basis. Without the pension bonds, the city would be hard pressed to close a roughly US$533 million gap between the fund's assets and its liabilities.
ACCESSION #
15954345

 

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