Using pension bonds to remedy long-term underfunding makes me squeamish enough already. Trying to remedy short-term cash shortfalls? That’s a risky gambit.
Forbes post, “Forget Pension Obligation Bonds. Two Cities Are – No Joke – Leasing Their Streets To Fund Pensions.”
Selling streets to fund pensions? Eye-catching and both more, and less, than meets the eye.
Forbes post, “No, Pension Obligation Bonds Aren’t A Form Of ‘Refinancing'”
Is your politician telling you that he’ll “refinance” your city or state’s pension debt? Time for skepticism.