Side Fund Pension Bond Savings
No Longer Guaranteed by CalPERS


Following extensive discussions with leading pension experts and CalPERS representatives, it has been revealed that the implied savings from issuing side fund pension obligation bonds (“POBs”) are no longer guaranteed. This NHAlert highlights some of the new risks and opportunities for CalPERS participants considering the issuance of POBs to extinguish their Unfunded Actuarial Liability (“UAL”).

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