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Panel Warns Against Use of Pension Obligation Bonds

Posted on February 27, 2014

The Bond Buyer

This article discusses the findings of a report released February 24 by a national blue ribbon panel commissioned by the Society of Actuaries. Civic Federation President Laurence Msall, who served on the 12-member panel, said Illinois and its municipalities could have saved billions of dollars in fiscal distress if they had followed the report’s actuarially-based funding principles.