A double-edged sword: the economics of
pension obligation bond financing for local
governments
October 24, 2012
Webinar
Slides
| Transcript
Pension Obligation Bonds (POBs) can be an appealing strategy for managing a public agency’s unfunded pension liability. As attractive as this approach may appear from a budgetary standpoint, the use of POBs can be a “double‐edged sword”– providing budget relief and interest rate savings offset by investment return risks and the substitution of more rigid long‐term financing terms. This webinar is designed to provide an examination of the benefits and risks of utilizing POBs and provides a discussion of the policy considerations, financing options, and disclosure requirements for financing pension liabilities.
Speakers
- Roger Davis, Partner, Orrick Herrington and Sutcliffe
- Rob Larkins, Managing Director, Raymond James/Morgan Keegan
- Jenna Magan, Partner, Orrick Herrington and Sutcliffe
- Brian Whitworth, Senior Vice President, First Southwest
Webinar Replay
Please contact CDIAC Education Unit at cdiaceducation@treasurer.ca.gov for the webinar replay.